Bitcoin ETFs See $853M Weekly Inflow
Bitcoin ETFs saw $853M in net inflows last week, the best performance since April, led by BlackRock's iShares fund.
The update
Bitcoin exchange-traded funds posted their strongest weekly inflow since mid-April, attracting $853.54 million in net new money. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the majority of this activity, pulling in approximately $693 million on its own. The data, reported by SoSoValue, suggests a renewed wave of institutional interest in digital assets.
Why it matters
This surge in capital contrasts with the heavy selling pressure seen earlier this year, when ETFs recorded roughly $4.5 billion in net outflows. The recent inflows coincide with Bitcoin trading around $65,000, holding steady despite negative headlines and rising government bond yields. The timing of this rebound follows a weak U.S. jobs report, which has cooled expectations for further Federal Reserve rate hikes.
What to watch
While this week’s figures are a positive signal, they represent a single data point. Analysts note that consistent inflows over multiple weeks will be necessary to sustain a meaningful price rally. Market participants are now turning their attention to the July U.S. Consumer Price Index (CPI) data, scheduled for release on Aug. 12, as a key variable that could influence both ETF flows and Bitcoin’s price trajectory.
Sources
- coindesk.com — Inflow figures, IBIT performance, year-to-date outflows context
- cointelegraph.com — Context on previous ETF performance and market conditions