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Bitcoin ETFs see $853 million in weekly inflows led by BlackRock
U.S. spot Bitcoin ETFs experienced their strongest weekly performance since mid-April, recording approximately $853.54 million in net inflows for the week ending August 7. This surge marks a significant reversal from several months of outflows, which totaled over $8 billion during a protracted period of selling earlier this year.
BlackRock's iShares Bitcoin Trust (IBIT) dominated the inflows, accounting for roughly $693 million, or approximately 81% of the total category volume. The increase in institutional interest comes amid a complex market environment, including a recent security exploit of Coldcard hardware wallets that resulted in losses exceeding $116 million across thousands of addresses.
Some analysts suggest that the Coldcard vulnerability may drive long-term interest toward ETFs, as they offer institutional-grade custody and mitigate the technical risks associated with self-custody. While year-to-date net outflows for U.S. spot Bitcoin ETFs remain at approximately $4.5 billion, the recent influx indicates a potential shift in investor sentiment and institutional re-entry into the market.
Entities
Bitcoin · Bitcoin · BlackRock · Bloomberg Intelligence · Coldcard · Fidelity · IBIT · SoSoValue · TRM Labs · iShares Bitcoin Trust (IBIT)
Claims
What the coverage asserts, and how many sources carry each claim.
- [DISPUTED] U.S. spot Bitcoin ETFs recorded $853.54 million in net inflows for the week ending August 7. www.brasilemfolhas.com.br · bitcoinethereumnews.com · dinardetectives.com · www.spacemoney.com.br · ambcrypto.com · +3 more
- [○ 1 SOURCE] The Coldcard attack resulted in losses exceeding $116 million, affecting more than 5,200 addresses. www.brasilemfolhas.com.br
- [● 2 SOURCES] ETFs mitigate risks associated with cold custody because investors hold shares rather than private access keys. www.brasilemfolhas.com.br · www.blocktempo.com
- [● 3 SOURCES] U.S. spot Bitcoin ETFs saw net outflows of approximately $4.5 billion year-to-date. bitcoinethereumnews.com · dinardetectives.com · www.brasilemfolhas.com.br
- [● 7 SOURCES] BlackRock’s IBIT accounted for approximately $693 million of the weekly Bitcoin ETF inflows. www.brasilemfolhas.com.br · bitcoinethereumnews.com · dinardetectives.com · www.spacemoney.com.br · ambcrypto.com · +2 more
- [○ 1 SOURCE] 2.27 million new Bitcoin wallets were created in a single week. blockonomi.com