Blackrock's IBIT Captures $479M as Bitcoin ETFs Extend 5-Day Inflow Streak

U.S. spot bitcoin exchange-traded funds (ETFs) added $98.85 million on August 7, stretching their inflow streak to five straight trading days, while spot ether ETFs pulled in $49.60 million the same day for a fourth consecutive day of gains.

Key Takeaways

• Spot bitcoin ETFs added $98.85 million, stretching a streak to 5 straight days.
• Spot ether ETFs added $49.60 million the same day, marking 4 consecutive days of inflows.
• Blackrock’s IBIT captured $479 million of a $626 million three-day haul earlier in the week.

A Fifth Day, Right on Schedule

The latest numbers mark the fifth straight trading day of net inflows for U.S. spot bitcoin ETFs and the fourth for their Ether counterparts. Weekly bitcoin ETF inflows have now topped $750 million, a pace that would have looked out of reach a month earlier.

The streak traces back to Monday, August 3, and has run through Friday without a single down day. This lies in stark contrast to the choppy, stop-start pattern that defined bitcoin ETF flows for most of the year. Solana and XRP ETF products, by comparison, logged effectively zero net change on August 7.

Blackrock’s IBIT did the heavy lifting and over the Monday-through-Wednesday stretch that kicked off the current run, IBIT alone captured $479 million of the $626 million in total bitcoin ETF inflows (roughly 76% of everything that came in).