U.S. Bitcoin ETFs Record $853 Million in Weekly Inflows, Strongest Performance Since April

U.S. spot Bitcoin exchange-traded funds recorded $853.54 million in net inflows during the week ended August 7, 2026, their strongest performance since mid-April. BlackRock's IBIT dominated with $693 million, while Ethereum ETFs added $244.94 million. The surge occurred alongside a $111 million to $130 million exploit of Coldcard hardware wallets, highlighting institutional custody benefits, and a weak U.S. jobs report that cooled interest rate hike expectations.

U.S. Bitcoin ETF inflows

• ▪U.S. spot Bitcoin exchange-traded funds recorded $853.54 million in net inflows during the trading week ended August 7, 2026, marking their strongest weekly performance since mid-April.
• ▪Cumulative net inflows into U.S. spot Bitcoin exchange-traded funds surpassed $52 billion since their January 2024 launch, with total net assets reaching approximately $80 billion as of August 7, 2026.
• ▪U.S. spot Bitcoin exchange-traded funds recorded net inflows across all five trading sessions of the week ended August 7, 2026, peaking on Wednesday, August 5, 2026, with $244.42 million.

BlackRock IBIT dominance

• ▪BlackRock's iShares Ethereum Trust (ETHA) drew approximately $203 million to $212 million during the week ended August 7, 2026, representing over 80% of all weekly inflows into U.S. spot Ethereum exchange-traded funds.
• ▪Fidelity's Wise Origin Bitcoin Fund (FBTC) recorded the second-largest inflows among U.S. spot Bitcoin exchange-traded funds during the week ended August 7, 2026, drawing $116.5 million.
• ▪BlackRock's iShares Bitcoin Trust (IBIT) attracted $693 million in net inflows during the week ended August 7, 2026, accounting for over 80% of the total inflows into U.S. spot Bitcoin funds.

Institutional demand recovery

• ▪Trading volumes for crypto exchange-traded funds remained subdued during the week ended August 7, 2026, with Bitcoin exchange-traded fund volume falling 9% to $8.19 billion, suggesting steady institutional positioning rather than speculative trading.
• ▪Despite the weekly surge in inflows, U.S. spot Bitcoin exchange-traded funds remain approximately $4.5 billion in the red on a year-to-date basis as of August 7, 2026, due to net outflows earlier in the year.
• ▪A weaker-than-expected July 2026 U.S. jobs report, which showed a loss of 23,000 payrolls, cooled expectations of further Federal Reserve rate hikes and potentially supported the crypto exchange-traded fund inflows.

Bitcoin price resistance levels

• ▪Bitcoin's price held steady between approximately $64,000 and $65,100 during the week ended August 7, 2026, despite negative news and rising government bond yields.
• ▪Bitcoin faced immediate price resistance near the short-term holder realized price of $67,523 and its 100-day simple moving average of $68,052 during the week ended August 7, 2026.

Ethereum ETF inflows

• ▪U.S. spot Ethereum exchange-traded funds experienced net outflows of $11.42 million on Monday, August 3, 2026, before reversing to positive inflows for the remainder of the week.
• ▪U.S. spot Ethereum exchange-traded funds recorded $244.94 million in net inflows during the week ended August 7, 2026, marking their strongest weekly performance since April and extending their weekly inflow streak to five consecutive periods.
• ▪Smaller altcoin exchange-traded funds also recorded net inflows during the week ended August 7, 2026, with XRP funds drawing $1.01 million, Hyperliquid (HYPE) funds drawing $2.84 million, and Solana funds drawing $144,930.

Coldcard wallet security breach

• ▪Bloomberg Intelligence analyst Eric Balchunas suggested that the Coldcard hardware wallet exploit could strengthen the case for institutional custody and spot exchange-traded funds, though no direct causal link to the weekly inflows was proven.
• ▪A security exploit affecting Coldcard hardware wallets resulted in the theft of approximately 1,719 to 1,816 Bitcoin, valued between $111 million and $130 million, from over 5,200 addresses starting July 30, 2026.