Bitcoin spot ETFs logged $854M inflows over five days (led by BlackRock's IBIT at $694M) but reversed with a $91M outflow on Aug 10, signaling profit-taking after a rally.
Macro & Markets ·
US spot Bitcoin ETFs accumulated roughly $854M in inflows across five trading days through August 7, with BlackRock's IBIT leading at $694M. Over the same period, spot Ethereum ETFs added approximately $245M. This marked the fifth consecutive week of net inflows for both asset classes, underscoring sustained institutional demand.
The momentum reversed sharply on August 10, when Bitcoin spot ETFs posted a $91M net outflow while Ethereum ETFs remained marginally positive at $5.3M. The one-day reversal suggests some profit-taking following the prior week's gains.
The broader picture remains one of institutional accumulation—five weeks of sustained inflows point to persistent demand—yet the single-day outflow signals potential near-term caution or position rebalancing. Whether this constitutes a temporary pullback or a shift in longer-term flows remains to be determined by incoming data.