🚨 Bitcoin ETFs See $853M Inflows in One Week
U.S.-listed spot Bitcoin ETFs recorded $853.54 million in net inflows for the week ended Aug. 7 , the strongest weekly inflow since mid-April.
BlackRock’s IBIT led the charge with around $693 million in inflows, accounting for the majority of the total.
📈 Bitcoin is also holding around the $64K–$65K zone despite recent market headwinds, while weaker U.S. jobs data has reduced expectations of further Fed rate hikes for now.
However, one strong week isn't enough.
The ETFs remain around $4.5B in net outflows YTD, meaning sustained inflows will be crucial if BTC is to build a stronger rally.
👀 Next major catalyst: U.S. CPI data on Aug. 12.
#dyor #NFA✅
U.S.-listed spot Bitcoin ETFs recorded $853.54 million in net inflows for the week ended Aug. 7 , the strongest weekly inflow since mid-April.
BlackRock’s IBIT led the charge with around $693 million in inflows, accounting for the majority of the total.
📈 Bitcoin is also holding around the $64K–$65K zone despite recent market headwinds, while weaker U.S. jobs data has reduced expectations of further Fed rate hikes for now.
However, one strong week isn't enough.
The ETFs remain around $4.5B in net outflows YTD, meaning sustained inflows will be crucial if BTC is to build a stronger rally.
👀 Next major catalyst: U.S. CPI data on Aug. 12.
#dyor #NFA✅