Bitcoin and Ethereum ETFs Attract $1.1B — Why Are Crypto Prices Still Flat?

Institutional demand for Bitcoin and Ethereum appears to be returning—but anyone looking only at crypto prices might not notice.

U.S. spot Bitcoin and Ethereum ETFs attracted approximately $1.1 billion in combined net inflows during the first full trading week of August. Despite this apparent wave of institutional demand, Bitcoin remains below $65,000 while Ethereum is struggling to move decisively beyond $1,900.

The disconnect raises an important question: If institutions are buying again, why are crypto prices barely moving?

Bitcoin and Ethereum ETFs Record a Strong Week

According to updated data from Farside Investors, U.S. spot Bitcoin ETFs recorded approximately $865 million in net inflows between August 3 and August 7.

Some earlier estimates placed the weekly figure closer to $853.5 million because of differences in reporting times and later data revisions. Either figure represents a significant reversal from the previous week’s outflows.

The most notable part was the consistency. Bitcoin ETFs recorded positive net flows during all five trading sessions:

August 3: $170.1 million

August 4: $211.5 million

August 5: $244.4 million

August 6: $137.6 million

August 7: $101.7 million

BlackRock’s IBIT accounted for approximately $693.5 million of the weekly total, representing around 80% of all Bitcoin ETF inflows.