Bitcoin spot ETFs attract $854 million in one week

Bitcoin spot ETFs registered a weekly net inflow of $854 million in the period from 3 to 7 August. Ethereum spot ETFs also performed well with $245 million in fresh capital. This brings the tally to five consecutive weeks of positive inflow figures for both categories.

Bitcoin is available at OKX and Bybit.

In brief:

• Bitcoin spot ETFs attracted $854 million in one week, Ethereum ETFs $245 million.
• Five weeks in a row of positive inflows for both Bitcoin and Ethereum ETFs.
• Smaller ETFs for Solana, XRP and HYPE also posted positive inflow figures.

Five weeks of positive inflows for Bitcoin and Ethereum

According to data from SoSoValue, just over $853 million flowed net into Bitcoin spot ETFs over the past week. Total assets under management within these funds currently stand at $79.5 billion. The Bitcoin price is around $65.200, up 0.6% over the past 24 hours.

Ethereum spot ETFs also showed a strong week with $245 million in inflows. This marks the fifth consecutive week for both asset classes in which investors net put in more money than they withdrew. This sustained positive trend points to lasting interest from institutional and retail investors. We previously wrote about the developments around Ethereum.

Solana, XRP and HYPE ETFs in the black

Alongside the larger funds, the newer ETFs also posted positive figures. Solana spot ETFs received $144.900, XRP spot ETFs $1.01 million and HYPE spot ETFs $2.84 million in net inflows over the same period.

Although the amounts for these funds are considerably smaller than those for Bitcoin and Ethereum, the continued inflows show that investors are also showing interest in ETFs beyond the two largest cryptocurrencies. The XRP price is meanwhile approaching a critical resistance level, which may partly explain the interest in the associated ETF. The demand for Bitcoin is also picking up slightly according to recent analyses, although derivatives markets continue to dominate for now.