Bitcoin investors pour $853 million into spot ETFs. BlackRock’s IBIT claims the bulk

Bitcoin investors deposited a remarkable $853.54 million into spot ETFs during the week ending Aug. 7, marking the highest weekly inflow since mid-April, according to SoSoValue data. BlackRock's IBIT was the primary driver, amassing $693 million of that total. This surge suggests institutions are returning to the market after a period of heavy selling earlier in the year.

Despite recent negative headlines, such as a multi-million-dollar Coldcard hack and rising government bond yields, the spot market has remained relatively resilient, with Bitcoin trading around $64,000 early in the week and $65,100 at the time of writing. The recent drop in U.S. jobs for July has diminished expectations of more Federal Reserve rate hikes, potentially paving the way for further institutional buying in ETFs.

However, this influx of capital represents just one week of data, and on a year-to-date basis, the ETFs remain $4.5 billion in the red due to net outflows. This explains the significant selling pressure witnessed during the first half of 2025 when Bitcoin plummeted 33% to below $60,000 by the end of June. For BTC to experience a meaningful price rally, it will need consistent strong inflows.

Historical bull runs, like the one between April and October 2025, also indicate that weekly inflows into ETFs often exceeded $1 billion. The next crucial piece of data to watch will be the July U.S. CPI report, set for Aug. 12, which could impact both ETF inflows and Bitcoin's price trajectory.