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.
