Bitcoin ETFs Surge $853M as BlackRock's IBIT Dominates Inflows Amid Institutional Return

Woofun AI reports that Bitcoin (BTC) exchange-traded funds (ETFs) captured $853.54 million in net inflows for the week ended Aug. 7, marking the largest weekly total since mid-April, according to data from SoSoValue. BlackRock's IBIT accounted for the bulk of the activity, attracting $693 million on its own.

The deeper driver is the resilience of spot market pricing despite negative headlines, including a multi-million-dollar Coldcard hack and rising government bond yields. Bitcoin held steady at around $64,000 early this week and traded at around $65,100 as of this writing. This constructive price action contrasts with the heavy selling pressure seen during the first six months of the year, when Bitcoin fell 33% to below $60,000 by the end of June.

Woofun AI data shows that structurally, Friday's unexpectedly weak U.S. jobs report for July has cooled bets on further Federal Reserve rate hikes for now, potentially clearing the path for continued institutional buying in ETFs.

However, the latest spike in inflows represents only one week of data; on a year-to-date basis, the ETFs remain roughly $4.5 billion in the red due to net outflows. Data from previous bull runs also suggests the same dynamic, as between April and October 2025, BTC climbed from roughly $75,000 to a record high of $126,000 while weekly inflows into the ETFs exceeded $1 billion on several occasions.

The focus now shifts to the July U.S. CPI data, due on Aug. 12. This key variable could influence both ETF inflows and bitcoin's price trajectory.