[ad_1]
In Bitcoin ETF information immediately, US-listed spot BTC ETFs pulled in $853.54M in internet inflows in the course of the week ended August 7, the strongest weekly haul since mid-April, in accordance with CoinGlass knowledge. BlackRock’s IBIT alone accounted for roughly $693M of that complete.
Which means round $0.81 of each greenback that entered the class got here from BlackRock, signaling that the rebound appears much less like broad institutional re-engagement and extra like one fund doing a lot of the heavy lifting.
Bitcoin worth pushed via $65,000 to the touch $65,340 to start out the week and completed up roughly 3%, although 4 of the 5 ETF influx days occurred earlier than that rally began.
$IBIT, $FBTC, $BITC, $ARKB, $MSBT have all seen inflows each single day (and rising every day) because the Coldcard Hack this wknd for a complete of $620m. I am not saying it is linked, we simply do not know, altho long-term I am unable to think about there aren’t some who migrate over, nevertheless it’s… pic.twitter.com/Y63ZUKsVJD
— Eric Balchunas (@EricBalchunas) August 6, 2026
Bitcoin ETF Information: 5 Days, $853M, and a Focus Downside
Buyers withdrew $8.26Bn from US spot Bitcoin ETFs over eight weeks via early July, highlighted by a $4.51Bn outflow in June, the worst month of the 12 months, in accordance with CoinGlass.
July’s restoration was minimal, with solely $172.43M in inflows. Nonetheless, August noticed a turnaround with 5 consecutive optimistic periods, totaling $1.03Bn from August 3 to 7, with the strongest influx of $244.4M on August 5.
This follows a notable week in April when inflows reached $996.38M. Whole internet belongings in spot Bitcoin ETFs now stand at $79.50Bn, roughly 6.10% of Bitcoin’s market cap.
(SOURCE: CoinGlass)
Why the Cash Moved: A Hack, a Jobs Report, and a Idea With Holes
Two key occasions coincide with the latest Bitcoin rebound. The primary is the Coldcard exploit, which started on July 30 when attackers drained self-custody wallets with weakly generated seed phrases.
TRM Labs reported over $116M stolen from greater than 5,200 addresses, whereas Galaxy Analysis estimates the overall could possibly be nearer to $130M, marking it as one of many largest crypto thefts of 2026.
Eric Balchunas from Bloomberg Intelligence steered that an ETF could possibly be an answer, as ETF holders don’t handle seed phrases immediately, negating that danger completely.
Supporting this view, long-term holders moved round 210,000 BTC following the exploit, with extra cash being transferred to exchanges than leaving them, a reversal from a two-year pattern.
The second occasion is the July jobs report launched on August 7, which confirmed a decline in payrolls, making one other Federal Reserve price hike much less possible.
Surprisingly, most inflows into Bitcoin, $754.69M of $853.54M, occurred earlier than the roles report, with the most important inflow on Friday producing solely $98.85M, simply as Bitcoin noticed its worth rally.
Bitcoin ETF Information: The Focus Danger No person’s Pricing In
In different Bitcoin ETF information, two key figures problem the Bitcoin-to-ETF narrative: IBIT accounted for 81% of the week’s inflows, whereas Ethereum ETFs gained $244.9M over the identical interval, in accordance with CoinGlass.
If Coldcard-adjacent holders had been more and more shifting from self-custody, we might count on more cash to circulation into Bitcoin ETFs, not Ethereum ones unrelated to a Bitcoin-only {hardware} pockets exploit.
Earlier than the hack, Ethereum ETFs outperformed Bitcoin ETFs for 3 weeks, attracting $103.9M in comparison with Bitcoin’s $33.79M within the week of July 20.
The reversal on this pattern after the exploit helps the custody idea, nevertheless it’s nonetheless circumstantial; there’s no proof linking drained Coldcard wallets to particular ETF purchases, and QCP Capital famous restricted concern in choices markets.
With 81 cents of each new greenback going to a single fund, the class’s well being hinges on that issuer’s curiosity and institutional buyers’ selections.
What Occurs Subsequent Decides Whether or not This Was Sign or Noise
If Bitcoin ETF information inflows preserve outpacing Ethereum’s via late August, as soon as the Coldcard hack is not recent information, the custody argument holds up: buyers genuinely re-rated self-custody danger and moved capital into regulated wrappers.
If Ethereum ETFs return to out-raising Bitcoin ETFs the best way they did for 3 weeks in July, the extra possible clarification is that this was merely a powerful macro week for danger belongings that occurred to comply with a hack by coincidence.
Both studying wants greater than 5 days of knowledge to verify. $853.54M recovers solely a couple of tenth of the $8.26Bn that left the class over the prior eight weeks, and one good week doesn’t erase eight unhealthy ones.
It’s value remembering how in a different way this reads from intervals when Wall Avenue’s Bitcoin ETF demand slowed to a near-standstill; the swing between these two states exhibits simply how delicate this market stays to a single narrative catching maintain.
EXPLORE: Greatest Crypto Presales With Uneven Upside within the Present Market
Why you may belief 99Bitcoins
Established in 2013, 99Bitcoin’s staff members have been crypto consultants since Bitcoin’s Early days.
90hr+
Weekly Analysis
100k+
Month-to-month readers
50+
Professional contributors
2000+
Crypto Initiatives Reviewed
Comply with 99Bitcoins in your Google Information Feed
Get the most recent updates, traits, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now 
[ad_2]
Source link
