US spot Bitcoin ETFs just posted their strongest weekly inflow since April, pulling in $853.54 million for the week ended August 7, according to SoSoValue data — and the timing is notable, landing the same week hackers exploited a firmware flaw to drain over $70 million (now approaching $130 million) from Coldcard hardware wallets.
💰 The Numbers
| Metric | Figure |
|---|---|
| Weekly Bitcoin ETF inflow | $853.54 million |
| BlackRock IBIT’s share | ~$693 million |
| Combined BTC + ETH ETF inflows | $1.1 billion |
| Total Bitcoin ETF AUM | ~$80 billion |
| Cumulative inflows since launch | $51.8–52 billion |
🔥 Why the Timing Matters
BlackRock told Bloomberg it has “seen consistently” that ETF investors are buying and holding BTC “long term” through this downturn — a pattern that held even as the Coldcard hack rattled the self-custody community. The hack may be reinforcing the ETF pitch itself: price exposure without the operational risk of managing private keys.
📊 Context: A Rough Year Isn’t Erased Yet
Bitcoin ETFs remain roughly $4.5 billion in the red year-to-date after heavy first-half outflows, when BTC fell 33% to below $60,000 by end-June. Bitcoin has since rallied over 13% off its July 1 low of $57,750.
🔮 What’s Next
July’s US CPI data, due August 12, is the next major catalyst — a soft print could extend institutional buying momentum.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Consult a licensed financial advisor before making investment decisions.
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