Key Takeaways
- Blackrock’s IBIT drove bitcoin ETFs to $853.54M, their best week since April 17.
- Ether added $245M as XRP, Solana and HYPE also gained, broadening institutional demand.
- Blackrock led both markets as July’s 23,000 payroll drop may shape the next ETF move.
Blackrock Drives $905M Into Bitcoin, Ether ETFs in One Week
Wall Street spent the first week of August rebuilding its crypto positions. Money arrived every day for bitcoin, gathered pace in ether and even reached corners of the ETF market that had struggled to hold investor attention in recent weeks.
The result was the broadest positive weekly showing in some time.
Five Green Sessions Put Bitcoin Back in Command
Bitcoin ETFs opened with $170.09 million on Monday and never looked back. Tuesday brought another $211.49 million, followed by the week’s peak of $244.42 million on Wednesday. Inflows remained strong at $128.69 million on Thursday and $98.85 million on Friday. The five-day total reached $853.54 million.
Blackrock’s IBIT supplied $693.5 million, more than 80% of the weekly inflow. Fidelity’s FBTC added $116.5 million, while ARK 21Shares’ ARKB brought in $50.8 million. Bitwise’s BITB gained $25.9 million, and Morgan Stanley’s MSBT added $21.4 million. Grayscale’s GBTC and Bitcoin Mini Trust recorded $7.5 million and $6.8 million in inflows.
The week still produced pockets of selling. Vaneck’s HODL lost $53.6 million, while Invesco’s BTCO posted a $12.7 million withdrawal. The uninterrupted run marked a sharp change from the previous week, when bitcoin ETFs lost $61.53 million and snapped a three-week inflow streak.
Ether Keeps Pace as Altcoin Funds Stabilize
Ether ETFs started with an $11.42 million outflow on Monday before buyers took control. Inflows reached $53.75 million Tuesday, $60.86 million on Wednesday and $92.15 million on Thursday, followed by $49.60 million on Friday.
The weekly haul came to roughly $245 million.
Blackrock again dominated, drawing about $212 million across its ether products, about 87% of the category’s total. Ether has now recorded another positive week as institutional allocations continue to build.
The macro backdrop remained complicated. Federal Reserve Governor Lisa Cook said Wednesday that inflation was still “too high,” with the PCE price index up 3.7% in the year through June. She also said she was prepared to support higher rates if inflation failed to ease.
Friday then delivered a softer labor signal. US payrolls fell by 23,000 in July, while unemployment stood at 4.1%, according to the Bureau of Labor Statistics.
Smaller crypto ETFs finished with quieter gains. XRP products attracted about $1 million after flows moved between a $1.15 million Monday inflow, a $3.58 million Wednesday exit and a $3.45 million Thursday recovery.
Solana ETFs ended $144,930 in the green, helped by Tuesday’s $1 million inflow despite an $859,450 withdrawal on Thursday.
HYPE delivered a more meaningful turnaround. After three consecutive negative weeks, the funds attracted $2.84 million. Wednesday and Thursday brought renewed buying after Monday’s $964,320 exit.
By Friday’s close, the message from ETF desks was unusually consistent. Large investors were adding crypto exposure again, and Blackrock remained firmly at the center of that demand.
