Bitcoin News

Story: Bitcoin Spot ETFs Pull In $853 Million, BlackRock’s IBIT Grabs $693 Million in a…

By Sakamoto Nashi

1 / 15

Institutional Money Comes Back, Carefully. The scale of the inflows, especially IBIT's share, pretty much screams renewed institutional…

2 / 15

CPI Data Could Shift the Picture Fast. All eyes are now on U.S. CPI data due August 12. Inflation numbers have a direct line to Federal…

3 / 15

Zcash's Tachyon Upgrade Enters the Picture. Separate from the ETF story, the crypto space is watching Zcash's Tachyon upgrade.

4 / 15

Bitcoin ETFs just had their best week since mid-April. Net inflows hit $853.54 million for the week ending August 7, per SoSoValue data, and BlackRock's IBIT basically carried…

5 / 15

That's a big number. And it landed during a week that wasn't exactly calm. A multi-million-dollar Coldcard hack made headlines, U.S.

6 / 15

So what changed? Probably a few things. The U.S. jobs report for July came in weak, which cooled expectations that the Federal Reserve would keep hiking rates.

7 / 15

But it's worth being careful here. One strong week doesn't erase a year of damage. Year-to-date, Bitcoin spot ETFs are still about $4.

8 / 15

History backs that up. Between April and October 2025, Bitcoin ran from around $75,000 to a record $126,000. During that stretch, weekly ETF inflows frequently topped $1 billion.

9 / 15

All eyes are now on U.S. CPI data due August 12. Inflation numbers have a direct line to Federal Reserve policy expectations, and Fed policy expectations have a direct line to…

10 / 15

See also: US Spot Bitcoin ETFs Pull $1 Billion in a Week, Coldcards $116M Breach Clouds Self-Custody

11 / 15

Traders know this. The positioning right now probably reflects a lot of people waiting to see what that number says before making bigger moves.

12 / 15

Meanwhile, Bitcoin's ability to sit near $65,100 despite the Coldcard hack and bond yield pressure is kind of notable.

13 / 15

Separate from the ETF story, the crypto space is watching Zcash's Tachyon upgrade. The upgrade aims to improve shielded payments, push forward quantum readiness, and stress-test…

14 / 15

Quantum readiness is something more projects will probably need to address as that conversation gets louder across tech and finance. Zcash is apparently trying to get ahead of it.

15 / 15

See also: Binance Bitcoin Futures Hit $57.82B — Eight Times the Spot Market Volume

The Currency Analytics

Want the full story?