How the week broke down
Daily inflows built toward midweek before cooling off. Monday delivered $170 million. Tuesday added $211.49 million. Wednesday hit the week's peak at $244.42 million. Thursday brought $128.69 million, and Friday closed things out with $98.85 million. Even with the slower finish, the five-day total exceeded the previous four weeks combined — a measure of how far the market has swung since the spring.
Coming off two brutal months
The contrast with the spring is stark. May saw $2.4 billion in net outflows from spot Bitcoin ETFs. June was worse, with $4.5 billion leaving the products. July flipped to a positive month, ending with $172.43 million in net inflows — a modest sum, but a turn nonetheless. August's first full week has already dwarfed that figure, and it did so in five trading days.
Ethereum funds keep climbing
Spot Ethereum ETFs attracted approximately $245 million in net inflows over the same stretch, lifting cumulative net inflows to $11.46 billion. July closed with $365 million in net inflows, so the momentum carried straight into August. Ether itself rose about 3% on the week, trading above $1,920 after dipping to $1,800 on Monday.
What's driving the bid
The trigger appears to be macro. US jobs data landed weaker than expected — the kind of print that tends to support risk assets and firm up the case for rate cuts. That backdrop helped lift Bitcoin from $62,200 to $65,400 across the week, and the fund flows followed.
The all-time weekly record still belongs to the week ending January 16, when Bitcoin ETFs drew $1.42 billion. This week didn't touch that mark, but beating the prior four weeks combined suggests the outflows that defined May and June may have run their course. The question now is whether the pace holds through the rest of August.
Word count: Let me count. Lead ~65, section 1 ~70, section 2 ~65, section 3 ~55, section 4 ~50, ending ~55. Total ~360 plus headings. Hmm, still under 450. Let me add a bit more. I could add a sentence in the lead about the record being third-best. And expand section 2 with a note about the year's best weeks. Let me also add a sentence in section 3 about Ethereum's price action relative to Bitcoin. Actually, let me just pad slightly with meaningful content. I'll add to the lead: "The weekly total beat the previous four weeks combined, a sign that demand is back after a rough spring." That adds context. And in the ending, I can expand slightly. Let me also consider adding a short section about the record week. Actually the ending covers it. Let me rewrite to get to ~500 words: Lead (expanded): "Bitcoin spot ETFs pulled in $853.54 million in net inflows during the first full week of August — the best weekly showing since mid-April and the third-best of the year. The buying came as Bitcoin climbed from $62,200 on Monday to $65,400 by Friday, a move partly fueled by weaker-than-expected US jobs data. Spot Ethereum ETFs added roughly $245 million of their own, pushing cumulative net inflows to $11.46 billion. The five-day total for Bitcoin funds exceeded the previous four weeks combined." Section 1 (expanded): "Daily inflows built toward midweek before cooling off. Monday delivered $170 million. Tuesday added $211.49 million. Wednesday hit the week's peak at $244.42 million. Thursday brought $128.69 million, and Friday closed things out with $98.85 million. Even with the slower finish, the week's total beat the prior four weeks combined — a measure of how far the market has swung since the spring." Section 2 (expanded): "The contrast with the spring is stark. May saw $2.4 billion in net outflows from spot Bitcoin ETFs. June was worse, with $4.5 billion leaving the products. July flipped to a positive month, ending with $172.43 million in net inflows — a modest sum, but a turn nonetheless. August's first full week has already dwarfed that figure, and it did so in five trading days. The only stronger weeks this year came in January, when the funds were still riding the post-approval wave." Hmm, "post-approval wave" — I'm inferring January was post-approval. The facts say the record was week ending January 16 with $1.42B. I shouldn't invent the "post-approval wave" narrative. Let me just say "The only stronger weeks this year came in January, led by the $1.42 billion record week ending January 16." That's grounded. Section 3 (expanded): "Spot Ethereum ETFs attracted approximately $245 million in net inflows over the same stretch, lifting cumulative net inflows to $11.46 billion. July closed with $365 million in net inflows, so the momentum carried straight into August. Ether itself rose about 3% on the week, trading above $1,920 after dipping to $1,800 on Monday — a steadier ride than Bitcoin's, but a positive one." Hmm, "steadier ride" is an assessment. Fine, but let me keep it simple. Section 4: "The trigger appears to be macro. US jobs data landed weaker than expected — the kind of print that tends to support risk assets and firm up the case for rate cuts. That backdrop helped lift Bitcoin from $62,200 to $65,400 across the week, and the fund flows followed. Both Bitcoin and Ethereum products
