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Spot Bitcoin ETF flows in the United States saw net inflows totaling $853 million during the week ended August 7, the highest weekly total since April. BlackRock’s IBIT accounted for most of the inflows, at $694 million, representing more than 80% of the total.
These strong inflows coincided with the release of a U.S. jobs report weaker than expected, which lowered expectations for rate hikes and supported broader risk appetite in crypto markets. Bitcoin is currently trading near $65,200. DYOR.

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