Bitcoin and Ethereum ETFs break $1B in their best week since April and BlackRock brought in 80% of the cash

US-listed spot Bitcoin and Ethereum exchange-traded funds pulled in more than $1 billion in fresh cash this week, with both groups registering their strongest inflows since April as demand for regulated crypto investment products rebounded.

Data from SoSoValue shows that spot Bitcoin ETFs attracted $853.54 million during the week ended Aug. 7, their biggest haul in nearly four months.

The funds recorded inflows in every session, including $170.09 million on Monday, $211.49 million on Tuesday and $244.42 million on Wednesday before demand moderated toward the end of the week.

The total surpassed the roughly $824 million collected during the week of April 24 and was the strongest since the week ended April 17, when Bitcoin funds drew about $996 million.

BlackRock’s iShares Bitcoin Trust, or IBIT, dominated the latest inflow week, accounting for roughly $693 million of the weekly total. That means the world’s largest asset manager captured more than four-fifths of the new money entering the spot Bitcoin funds.

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