In the first full week of August, Bitcoin spot ETFs witnessed their best single-week inflow since mid-April, with over $853 million flowing into these funds. This marked a positive start to August, following a relatively subdued performance during July where investors pulled out nearly $2 billion from Bitcoin-related ETFs.
By the end of the week, the price of Bitcoin had risen above its monthly low point, from around $62,200 on August 1st to over $65,000 by Friday. Simultaneously, Ethereum spot ETFs also attracted substantial interest with a net inflow exceeding $245 million in their first week of the month.
This influx into Bitcoin and Ethereum funds suggests growing investor confidence amid market volatility, particularly as prices stabilized and showed signs of recovery from recent lows.
Written by Oliver Grant
Markets Desk
