Bitcoin exchange-traded funds (ETFs) pulled in $853.54 million in net inflows last week, their strongest weekly haul since mid-April, with BlackRock’s IBIT capturing the lion’s share.
According to SoSoValue, the funds attracted $853.54 million for the week ending Aug. 7, marking a clear rebound after months of weaker demand.
IBIT led the inflows by a wide margin, drawing in $693 million on its own.
The uptick suggests institutional investors may be tentatively returning after heavy outflows earlier in the year.
Bitcoin’s recent price action has also appeared more resilient. Despite headwinds such as a multi-million-dollar Coldcard hack and rising government bond yields, the spot market has held steady. The cryptocurrency hovered near $64,000 at the start of the week and was trading around $65,100 at the time of writing.
A softer-than-expected U.S. jobs report for July has eased expectations of further Federal Reserve rate hikes, potentially supporting continued inflows into ETFs.
What’s next?
While the latest inflow surge is notable, it represents just a single week. On a year-to-date basis, Bitcoin ETFs remain about $4.5 billion in net outflows. This helps explain the strong selling pressure in the first half of the year, when Bitcoin dropped 33% to below $60,000 by the end of June.
The implication is that sustained inflows will be needed for Bitcoin to build a meaningful rally.
Historical patterns point to the same conclusion. Between April and October 2025, Bitcoin surged from roughly $75,000 to an all-time high of $126,000, with ETF inflows topping $1 billion in several weeks during that stretch.
Attention now shifts to the July U.S. Consumer Price Index (CPI) data, due Aug. 12, which could influence both ETF demand and Bitcoin’s near-term price direction.
