In Bitcoin ETF news today, US-listed spot BTC ETFs pulled in $853.54M in net inflows during the week ended August 7, the strongest weekly haul since mid-April, according to CoinGlass data. BlackRock's IBIT alone accounted for roughly $693M of that total.
This means that around $0.81 of every dollar that entered the category came from BlackRock, signaling that the rebound looks less like broad institutional re-engagement and more like one fund doing most of the heavy lifting.
Bitcoin price pushed through $65,000 to touch $65,340 to start the week and finished up roughly 3%, even though four of the five ETF inflow days happened before that rally started.
Bitcoin ETF News: Five Days, $853M, and a Concentration Problem
Investors withdrew $8.26Bn from US spot Bitcoin ETFs over eight weeks through early July, highlighted by a $4.51Bn outflow in June, the worst month of the year, according to CoinGlass.
July's recovery was minimal, with only $172.43M in inflows. However, August saw a turnaround with five consecutive positive sessions, totaling $1.03Bn from August 3 to 7, with the strongest inflow of $244.4M on August 5.
This follows a notable week in April when inflows reached $996.38M. Total net assets in spot Bitcoin ETFs now stand at $79.50Bn, roughly 6.10% of Bitcoin's market cap.
(SOURCE: CoinGlass)
Why the Money Moved: A Hack, a Jobs Report, and a Theory With Holes
Two key events coincide with the recent Bitcoin rebound. The first is the Coldcard exploit, which began on July 30 when attackers drained self-custody wallets with weakly generated seed phrases.
TRM Labs reported over $116M stolen from more than 5,200 addresses, while Galaxy Research estimates the total could be closer to $130M, marking it as one of the largest crypto thefts of 2026.
Eric Balchunas from Bloomberg Intelligence suggested that an ETF could be a solution, as ETF holders do not manage seed phrases directly, negating that risk entirely.
Supporting this view, long-term holders moved around 210,000 BTC following the exploit, with more coins being transferred to exchanges than leaving them, a reversal from a two-year trend.
The second event is the July jobs report released on August 7, which showed a decline in payrolls, making another Federal Reserve rate hike less likely.
Surprisingly, most inflows into Bitcoin, $754.69M of $853.54M, occurred before the jobs report, with the largest influx on Friday producing only $98.85M, just as Bitcoin saw its price rally.
