Crypto ETFs Flooded with $2.6 Billion as Bitcoin Surges to New Heights
Bitcoin and Ethereum ETFs saw their strongest week of 2026 as crypto prices surged higher. US spot Bitcoin and Ethereum ETFs drew $1.918 billion and $697.2 million, respectively, in the five trading sessions through August 21.
The combined intake of $2.6 billion was the largest for the two groups in about 10 months. Bitcoin funds recorded inflows every day during the week, pushing cumulative net subscriptions since their January 2024 debut to $53.7 billion.
Ethereum funds also had their best showing since October, when they attracted nearly $1.3 billion during the week ended October 3. The renewed demand coincided with one of crypto's strongest rallies in years, with Bitcoin climbing from roughly $62,300 to briefly trade near $80,000 and Ethereum surging to a seven-month high above $2,500.
The rally was fueled by a rare convergence of macro and policy catalysts, including falling Treasury yields, fresh White House support for crypto, and a regulatory push from the SEC and CFTC. The US Treasury doubled the maximum size of liquidity-support buybacks for 10- to 20-year and 20- to 30-year securities to at least $4 billion per operation.