U.S. Crypto ETFs See $1.1 Billion Weekly Inflow Surge
Key Facts
Reflecting a resurgence in institutional confidence in digital assets, U.S.-based crypto ETFs have recorded significant momentum. According to reports, Bitcoin and Ether ETFs attracted net weekly inflows of $1.1 billion, extending a recovery trend following previous outflow streaks. This surge in capital entry occurred despite ETF trading volumes remaining near multi-year lows, suggesting a shift toward long-term institutional positioning rather than speculative retail trading.
Detailed performance shows BlackRock’s IBIT captured over 80% of weekly Bitcoin inflows, while Fidelity’s FBTC followed with approximately 13%. In the Ether market, spot products extended their positive streak to five weeks with $244.9 million in fresh capital. This institutional activity coincides with mixed global economic signals; per market data, the U.S. ISM Manufacturing PMI reached 55.6 on August 3, 2024, beating forecasts and providing a complex backdrop for risk assets.
Technically, traders are monitoring immediate support zones for Bitcoin near $64,461 and $63,363, while resistance remains clustered between $65,250 and $67,523 according to analyst data. With authoritative price data unavailable as of August 8, 2026, the focus remains on whether these inflows can trigger a sustained breakout. There are no major crypto-specific catalysts in the upcoming economic calendar, leaving the market to react to daily flow dynamics and broader sentiment.