📊 Crypto Capital Flows
— Weekly Market Brief
Institutional flows staged their strongest week since early June: BTC ETFs posted four consecutive days of triple-digit inflows before Monday's reversal, while ETH ETFs snapped back to heavy accumulation.
• $BTC ETF flows: The week opened with +$170.1M on Aug 3, accelerated to +$211.5M on Aug 4, +$244.4M on Aug 5 and +$137.6M on Aug 6, before cooling to +$101.7M on Aug 7.
The Mon-Fri tally: roughly +$865.3M net, the best week since the June recovery began, driven by a weakening dollar and pre-CPI positioning. The reversal came Monday Aug 10: -$144.6M as the Clarity Act disappointment and CPI de-risking took hold.
• $ETH ETF flows: Ethereum returned to heavy inflows: -$11.9M on Aug 3, then +$53.1M, +$60.8M, +$92.1M and +$49.6M. Monday Aug 10 dipped to -$14.6M. The rotation narrative is firmly back.
Exchange Netflow: Available daily prints show BTC mildly net-negative mid-week before reversing to inflows over the weekend.
Net for the observed window: roughly -0.6K BTC, a mild continuation of the accumulation pattern. ETH painted a two-sided picture: +8.04K in on Aug 6, -9.64K out on Aug 7, a large +30.33K print on Aug 8, -8.03K on Aug 9, then small inflows on Aug 10-11.
Corporate activity stayed two-sided: BitMine added another 7,391 ETH, pushing its stack past 5.8M ETH, and Trump Media disclosed a ~$293M BTC position.
On the sell side, miners remain forced sellers: Riot is selling BTC to fund its $9.1B Anthropic deal, and Twenty One Capital booked a $413.5M Q2 loss on its treasury.
The divergence is notable: ETF demand and treasury accumulation are absorbing miner supply.
— Weekly Market Brief
Institutional flows staged their strongest week since early June: BTC ETFs posted four consecutive days of triple-digit inflows before Monday's reversal, while ETH ETFs snapped back to heavy accumulation.
• $BTC ETF flows: The week opened with +$170.1M on Aug 3, accelerated to +$211.5M on Aug 4, +$244.4M on Aug 5 and +$137.6M on Aug 6, before cooling to +$101.7M on Aug 7.
The Mon-Fri tally: roughly +$865.3M net, the best week since the June recovery began, driven by a weakening dollar and pre-CPI positioning. The reversal came Monday Aug 10: -$144.6M as the Clarity Act disappointment and CPI de-risking took hold.
• $ETH ETF flows: Ethereum returned to heavy inflows: -$11.9M on Aug 3, then +$53.1M, +$60.8M, +$92.1M and +$49.6M. Monday Aug 10 dipped to -$14.6M. The rotation narrative is firmly back.
Exchange Netflow: Available daily prints show BTC mildly net-negative mid-week before reversing to inflows over the weekend.
Net for the observed window: roughly -0.6K BTC, a mild continuation of the accumulation pattern. ETH painted a two-sided picture: +8.04K in on Aug 6, -9.64K out on Aug 7, a large +30.33K print on Aug 8, -8.03K on Aug 9, then small inflows on Aug 10-11.
Corporate activity stayed two-sided: BitMine added another 7,391 ETH, pushing its stack past 5.8M ETH, and Trump Media disclosed a ~$293M BTC position.
On the sell side, miners remain forced sellers: Riot is selling BTC to fund its $9.1B Anthropic deal, and Twenty One Capital booked a $413.5M Q2 loss on its treasury.
The divergence is notable: ETF demand and treasury accumulation are absorbing miner supply.