Bitcoin ETF Inflows Soar to $853.5 Million in Five-Day Streak

U.S. spot Bitcoin ETFs have seen significant inflows over the past week, drawing in $853.5 million from August 3 to 7.

This marks a stark reversal from the previous week's withdrawals, with net inflows nearly five times higher than July's total of $172.4 million.

BlackRock's IBIT was the largest source of new demand, attracting an estimated $693 million over the five sessions and accounting for roughly 81% of the category's total inflows.

The fund added a significant amount on August 7 alone, with $86.71 million in new allocations.