Bitcoin spot ETFs recorded $854M in net inflows last week; Ethereum ETFs saw $245M, continuing a five-week inflow streak.
Macro & Markets ·
During the week of August 3 to 7, Bitcoin spot exchange-traded funds attracted $854 million in net inflows, while Ethereum spot ETFs recorded $245 million, extending a streak of inflows across five consecutive weeks. Smaller altcoin products also saw positive flows: Solana spot ETFs received $144.9K, XRP spot ETFs brought in $1.01 million, and HYPE spot ETFs accumulated $2.84 million in the same period, according to reports.
The sustained inflows into both Bitcoin and Ethereum spot ETFs suggest continued institutional or retail demand for these vehicles as entry points into major cryptocurrencies. The five-week inflow streak in Ethereum products is notable as it indicates more than a single-week phenomenon, though the magnitude of flows into smaller altcoin ETFs remains considerably more modest than those directed to the two largest assets.
What remains unclear is whether these inflows reflect new capital entering the cryptocurrency market, reallocation from other instruments, or a mix of both. The specific drivers behind the persistent demand—whether macroeconomic factors, technical price movements, or product-specific developments—are not detailed in the available data.