Bitcoin ETF News: BlackRock Captured 81% of ETF Inflows in August Surge

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.