US Spot Bitcoin ETFs Net $280M; Ethereum ETFs $222M Inflows
US spot Bitcoin ETFs saw a net inflow of $280.7 million on August 7, led by BlackRock’s IBIT with $156.6 million. Fidelity’s FBTC added $43.4 million, VanEck’s HODL $21.5 million, Grayscale’s GBTC $18.5 million and Bitwise’s BITB $17.2 million. ARK Invest’s ARKB recorded a small $0.4 million outflow. Meanwhile, spot Ethereum ETFs attracted $222.3 million. BlackRock’s ETHA topped inflows with $103.5 million, followed by Grayscale’s ETH $34.6 million and Fidelity’s FETH $31.8 million. Hong Kong’s Bitcoin and Ethereum ETFs showed minimal activity. Sustained ETF inflows reflect growing institutional demand for regulated crypto exposure. Traders monitoring spot Bitcoin ETF flows may anticipate potential price momentum for Bitcoin.
Bullish
The significant net inflows into spot Bitcoin and Ethereum ETFs indicate heightened institutional demand. Large inflows into Bitcoin ETFs like IBIT and FBTC boost buying pressure on BTC, while strong Ethereum ETF flows support ETH. Historically, ETF inflows correlate with price rallies. Continued inflows may drive short-term momentum and signal long-term confidence, making the outlook bullish.