Bitcoin ETF Inflows Reach $853 Million

For the week concluding on August 7, Bitcoin‑based exchange‑traded funds (ETFs) recorded a net inflow of $853.54 million, according to SoSoValue data. This figure represents the largest single‑week inflow since mid‑April of the same year. BlackRock’s IBIT was the main driver, bringing in $693 million of that total.

Market Context and Price Action

Bitcoin’s price has shown relative steadiness amid recent turbulence. Early in the week the cryptocurrency hovered near $64,000, and by the time of writing it was trading around $65,100. Negative headlines—such as a multi‑million‑dollar Coldcard wallet hack—and rising U.S. government bond yields have not yet shaken the spot market.

A weaker than expected U.S. jobs report for July, released on Friday, has dampened expectations for further Federal Reserve rate hikes. This development could clear the way for more institutional capital to flow into ETFs.

Year‑to‑Date Performance

Despite the recent weekly surge, Bitcoin ETFs remain in the red on a year‑to‑date basis, with net outflows totaling roughly $4.5 billion. This cumulative outflow explains the heavy selling pressure that pushed Bitcoin down 33% to below $60,000 by the end of June.

The implication is clear: for Bitcoin to experience a substantial price rally, inflows into its ETFs must remain consistently strong.

Historical Comparison

Looking back at the 2025 bull run, Bitcoin climbed from about $75,000 in April to a record high of $126,000 by October. During that period, weekly ETF inflows surpassed $1 billion on several occasions, underscoring the correlation between inflow volumes and price appreciation.

Upcoming Economic Indicators

The next pivotal data point is the U.S. Consumer Price Index (CPI) for July, scheduled for release on August 12. The CPI reading will likely influence both future ETF inflows and Bitcoin’s price trajectory.

Zcash’s Tachyon Upgrade

Separately, the privacy‑focused cryptocurrency Zcash is preparing to launch its Tachyon upgrade. The new protocol aims to scale shielded transactions, enhance quantum‑resistance, and assess the robustness of its funding, security, and governance structures.

The information above reflects current market dynamics and is based on publicly available data from SoSoValue and other reputable sources.