Bitcoin ETF Inflows Reach $754.69M in Weekly Reversal

Bitcoin (BTC) spot funds moved back into strong institutional demand last week, with net inflows reaching $754.69 million after the prior period had shown a $61.53 million outflow. The reversal, based on weekly exchange-traded fund flow data, represents a swing of more than $816 million and places Bitcoin back at the center of large allocator activity. The figure also contrasts with the weaker demand seen in products tied to smaller digital assets, highlighting that the week’s institutional buying was selective rather than uniform across the market. Ethereum funds added $195.34 million, nearly seven times the $27.42 million recorded in the previous week, while the most pronounced weakness appeared in XRP products. That split gives a clearer read on where regulated fund buyers were willing to concentrate exposure. In our reading of the flow table, Bitcoin’s result is not simply a rebound from a soft print; it is a decisive return to positive net creation during a period when some investors still appeared cautious about altcoin vehicles. The mechanics matter: when authorized participants create new fund shares, the flow usually reflects incremental demand for the underlying asset rather than ordinary secondary-market trading. A $754.69 million weekly inflow therefore signals more than a price bounce. It suggests that desks willing to use the ETF wrapper chose the largest cryptocurrency, Bitcoin, as their preferred expression of risk, even while another part of the market was digesting a roughly 5% weekly decline in XRP. For readers comparing this with all-time-high phases, the key point is that fund flows can improve before price confirms a broader trend, especially when the prior week’s balance had been negative. This type of divergence is especially useful for portfolio construction because it separates balance-sheet demand from leveraged positioning, giving a cleaner signal than a single candle in a volatile tape. It also shows that a softer bear market in one token does not automatically reduce appetite for the benchmark asset.

Bitcoin’s institutional strength was more visible against the backdrop of weaker demand in XRP products, where weekly net inflows dropped about 93% to $1.01 million from $14.86 million. The decline left the XRP fund complex with net assets of $964.21 million, down from $988.78 million, while the token itself fell roughly 5% over the same period. Daily figures show that the weakness was concentrated at the start of the window: after a flat reading on August 4 and a $3.58 million outflow on August 5, the products recorded a $3.45 million inflow on August 6. That late improvement was not enough to lift the weekly total, but it changed the character of the data. On-chain records add a second layer. The largest XRP wallets, defined as addresses holding between 100 million and 1 billion tokens, increased their share of supply to about 11.99% early in the week from a low near 10.66%. A second cohort, holding 10 million to 100 million tokens, had been selling through early August and then resumed buying on August 6. Exchange-flow data also showed more than 2 million XRP leaving trading venues on that same day, a pattern commonly associated with accumulation rather than immediate sale. Taken together, these figures show a market where Bitcoin captured the clearest regulated inflow, while the altcoin side produced a more complicated split between fund redemptions and whale accumulation. That behavior is typical of risk-on episodes where allocators favor the asset with the deepest liquidity and the most familiar regulatory wrapper. It also explains why a soft week in one product does not necessarily signal broad institutional withdrawal from the sector. The August 6 reversal, in particular, shows how quickly the marginal buyer can change when prices stabilize. For Bitcoin, that concentration reinforces the role of the largest asset as the default institutional entry point.

On-chain data adds a complementary layer to the ETF picture: Santiment reports that whale and shark addresses holding between 10 and 10,000 BTC accumulated more than 20,000 coins—roughly $1.2 billion—since July 29, with buying concentrated in the range below $65,000. The accumulation coincides with retail capitulation driven by the July 30 Coldcard hardware-wallet hack, which saw approximately $120 million in Bitcoin stolen, and disappointment over the U.S. Senate's inability to advance the CLARITY Act this month. Nexo analyst Liya Kalchev noted that the failure of combined whale and ETF buying to push price decisively higher suggests the current inflow leans toward short-term strategic positioning rather than long-conviction allocation, and that a sustained break above $65,000 remains the key threshold for confirming a renewed uptrend.

Data from August 7 showed that BlackRock's iShares Bitcoin Trust extended its net buying streak to four consecutive sessions, bringing the fund's cumulative weekly purchases to approximately $604 million and reinforcing the concentration of institutional demand in a single issuer. On the regulatory front, Senate Republican leader John Thune signaled plans to bring the CLARITY Act to a floor vote in September, offering a concrete timeline for market-structure legislation after the bill stalled earlier in the month. The total cryptocurrency market capitalization rose 0.55% to $2.21 trillion over 24 hours, with the 23.6% Fibonacci retracement at $2.23 trillion identified as the nearest resistance that, if cleared on sustained ETF inflows, could open a path toward $2.26 trillion.

Ethereum products provided the strongest single-day signal on August 7, with five funds collectively absorbing $92.15 million—led by BlackRock's ETHA at $81.14 million—and recording zero outflows across the group, lifting combined net assets to $10.64 billion. The session also produced the first notable inflow into HYPE-linked products, where Bitwise's BHYP attracted $2.84 million, while Solana's Fidelity-backed FSOL shed $859,450, testing whether altcoin demand can broaden beyond the two largest assets. Austrian economist Lawrence Lepard observed that despite the decline in Bitcoin ETF market value from its peak, the number of shares outstanding has fallen far less proportionally, suggesting limited net selling among existing holders rather than capitulation—a structural signal that complements the flow data by distinguishing between price-driven drawdowns and actual position exits.

(as of 01:25 UTC) COINOTAG's reading is that the current setup is a cautious uptrend, not a confirmed breakout. Bitcoin at $64,920.59 rests just above the nearest strong composite support at $64,105.27 (75/100), anchored by SMA 50, HVN, Ichimoku Tenkan, and Fibo 0.236 confluence, while resistance at $67,334.82 (71/100) draws from Ichimoku Senkou B, Ichimoku Cloud Top, SMA 100, and LVN. Derivatives positioning is measured: funding at −0.0025% with $13.03 billion in open interest and a 1.18 long/short ratio (54.0% long) suggests mild bullish lean without overcrowding. RSI at 54.40 and a bullish MACD align with the uptrend, yet the Fear & Greed Index at 30 keeps sentiment firmly in fear. The load-bearing level is $64,105.27 — a daily close below it would invalidate the near-term structure and open the path toward the $63,099.16 strong support zone.