Institutional Investors Inject $853 Million into Spot Bitcoin ETFs, Dominated by BlackRock’s IBIT

Bitcoin BTC$65,151.21 attracted $853.54 million in net inflows for the week ending August 7, the largest weekly total since mid‑April, according to SoSoValue data.

BlackRock’s IBIT accounted for the bulk of the activity, attracting $693 million on its own.

This surge suggests a tentative return by institutions after a period of heavy selling earlier this year.

Recent Bitcoin price action has appeared more constructive. Negative headlines, such as a multi‑million‑dollar Coldcard hack and rising government bond yields, have not dented the spot market. Bitcoin held steady near $64,000 early in the week and traded around $65,100 at the time of writing.

Friday’s unexpectedly weak U.S. jobs report for July has cooled expectations of further Federal Reserve rate hikes, potentially clearing the way for sustained institutional buying of ETFs.

What next?

The recent weekly inflow reflects only a single week’s data. Year‑to‑date, the ETFs remain roughly $4.5 billion in the red due to net outflows, explaining the heavy selling pressure observed during the first six months of the year when Bitcoin fell 33% to below $60,000 by the end of June.

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