Bitcoin and Ether ETFs Take $1.1B in Best Weekly Haul Since April

US spot Bitcoin and Ether ETFs pulled in about $1.1 billion between them in the week ending Friday, August 8, the strongest weekly haul the two categories have posted together since mid-April.

Bitcoin funds took $853.5 million across a five-session inflow streak, while Ether funds added $244.9 million and extended their positive weekly streak to five, the longest run of the year. BlackRock’s IBIT alone captured $693.7 million, more than 80% of the entire Bitcoin ETF category for the week.

ETF Buyers Return After Months of Silence

The five-day inflow streak into US spot Bitcoin ETFs, running from Monday, August 3 through Friday, August 7, is the clearest sign in months that institutional buyers are stepping back in. The context matters. Spot Bitcoin ETFs had recorded roughly $4.44 billion in net outflows since the start of the year heading into last week, according to figures compiled by The Block, with the pain concentrated in the second quarter.

Spot Ether ETFs sit in similar year-to-date territory, down about $873 million, but the last five weekly readings have all closed positive. That is the first time in 2026 the Ether category has strung together this many green weeks in a row, and it lines up with a broader tone shift across a crypto ETF market that had been dominated by outflow prints since the spring.

BlackRock’s IBIT Captures More Than 80% of Bitcoin ETF Flows

Concentration inside the Bitcoin category was striking. BlackRock’s iShares Bitcoin Trust, ticker IBIT, took $693.7 million of the $853.5 million weekly total. Fidelity’s FBTC came second with $116.4 million, or about 13% of the category. Every other issuer combined for less than 7%.

The distribution matches the pattern regular readers of the bitcoin price charts have watched all year: when demand returns to the ETF wrapper, it comes back through IBIT first. IBIT alone now holds more than half of all assets in the spot Bitcoin ETF category, a position it has widened during every recovery leg since launch. The strongest single day was Thursday, when Bitcoin ETFs booked $98.85 million and Ether ETFs added $49.60 million.

Ether Funds Log Fifth Straight Positive Week

The Ether side of the print looked smaller in absolute dollars but stronger in trend. Spot Ether ETFs recorded $244.9 million in net inflows for the week, and BlackRock’s ETHA was the standout on the day-by-day tape. On Wednesday, August 5, ETHA took $50.34 million of the $60.86 million that flowed into Ether products, roughly 83% of the category that session, according to a breakdown from news.bitcoin.com.

For traders who prefer to size Ether exposure directly rather than through a US-listed fund, spot venues that let users buy ETH saw steady turnover through the week. BlackRock’s staked-Ether variant, ETHB, added $4.94 million on the same session.

A Weak July Jobs Report Reset Fed Rate Bets

The trigger for the shift was macroeconomic. On Friday, August 7, the US Bureau of Labor Statistics reported that the economy lost 23,000 jobs in July, against a consensus forecast of 80,000 gained. Revisions took another 103,000 jobs out of the May and June prints, and unemployment ticked to 4.1%.

CME FedWatch showed the odds of a Federal Reserve rate hike falling to about 40% from 55% a day earlier, while the probability of no change through the September meeting jumped to 66%, according to reporting from The Block. Bitcoin tagged $65,300 within hours of the print and has held near that level into Monday, trading around $64,900.

How Spot Crypto ETFs Feed Institutional Demand

A spot ETF is a fund that holds the underlying asset directly and trades on a regulated stock exchange under a familiar ticker. When money flows in, an authorised participant delivers cash to the issuer, who acquires the underlying coin on spot markets and hands ETF shares back. Weekly flow reports therefore work as a proxy for how much fresh regulated capital is entering, or leaving, crypto through the wrapper large allocators actually use.

That is why the swing from consistent June and July outflows to a five-session inflow streak in August matters more than the raw dollar amount. It signals that pension funds, registered investment advisers, and wealth platforms are willing to add exposure on macroeconomic weakness rather than pare it back. This kind of demand typically shows up on the sell crypto side of order books as reduced supply pressure.

Whether the Rebound Holds Depends on the September Fed Call

The forward view is macro-heavy. If August payrolls also come in weak, the case for a Fed pause hardens, and ETF flows have historically extended their runs when rate-cut expectations firm up. If August data surprises to the upside, the same allocators that added last week could pull back just as quickly.

Some analysts have suggested the setup could be the start of a longer institutional re-entry into Bitcoin. Bloomberg’s Eric Balchunas noted in a Friday post on X that the five-day IBIT run was the fund’s cleanest inflow week since spring. Others are more cautious, pointing to the thin trading volume across the week that could reverse the print on a hot inflation reading. The next US CPI number lands on Tuesday, August 12.

A Test of Whether Q3 Marks the Turn for Crypto ETF Flows

The wider question the week frames is whether the second half of 2026 finally turns the corner for spot crypto ETFs after a punishing first half. 2026 has been the first full year where both Bitcoin and Ether products have spent extended stretches in outflow. A single strong week does not reverse a nine-figure year-to-date hole, but it changes the shape of the story from steady decline to contested trend.

Institutional flows now sit downstream of the macro tape rather than upstream of it. When jobs miss and rate-cut odds move, ETFs respond. If that relationship holds through the September Fed meeting, crypto’s price action stays on a tight leash to US labour and inflation data. Tuesday’s CPI print is the next test.