US spot Bitcoin ETFs saw $853 million in net inflows during the week ending August 7, the highest weekly total since April. BlackRock’s IBIT dominated the flows with $694 million, representing over 80% of the total.

The strong inflows coincided with a weaker-than-expected US jobs report, which reduced rate hike expectations and supported broader risk appetite in crypto markets. Bitcoin is currently trading near $65,200. DYOR.

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