Bitcoin ETFs Command $853 Million Inflow Surge to Start August

BlackRock’s IBIT fund served as the primary engine for this growth, capturing approximately $693 million—roughly 81% of the total weekly demand. Fidelity’s FBTC followed with significant contributions, helping to stabilize the market despite continued outflows from smaller products like Invesco and Galaxy’s BTCO, which saw $19.37 million in withdrawals. By the close of trading on August 7, total net assets across spot Bitcoin ETFs climbed to $79.50 billion, representing about 6.10% of the asset's total market capitalization.

Institutional interest extended to Ethereum-based products, which pulled in $244.9 million during the same five-day window. BlackRock’s ETHA fund again led the charge, capitalizing on price movements as Ether tested the $2,000 threshold. While these two primary assets enjoyed a combined $1.10 billion in new investment, the broader crypto ETF market remained fragmented. Solana and XRP funds saw negligible activity, with flows largely canceling each other out. Despite the sustained buying pressure, Bitcoin’s price remained below the $65,000 mark, suggesting that while institutional demand is robust, it has yet to trigger a definitive breakout for the broader market.