Bitcoin Spot ETFs Pull in Record $987M as Institutional Appetite Holds Firm

Bitcoin spot ETFs pulled in $987 million in net inflows during the week of August 31 to September 4, according to data from SoSoValue. This is the third consecutive week of positive flows for these funds, which has seen a combined total of approximately $3.8 billion in net inflows over this period.

The largest contributor to this week's inflow was BlackRock's IBIT, which pulled in around $691.5 million, accounting for about 70% of the total. ARK Invest's ARKB followed closely behind with roughly $138 million.

Ethereum spot ETFs also saw a surge in interest, adding $218 million to their total net inflows over the same period. This brings Ethereum's total to approximately 22.1% of Bitcoin's weekly intake.

Solana and XRP spot ETFs recorded smaller but still notable gains, with Solana pulling in around $6.1751 million and XRP adding $18.9602 million. These funds have been seeing steady interest over the past few weeks, with Solana's streak now at 10 consecutive weeks of positive flows.