Bitcoin, Ether ETFs Draw $1.1 Billion in Inflows, Strongest Week Since April

BTC-2.02%

According to The Block analysis of SoSoValue data, U.S. spot bitcoin and ether ETFs saw combined inflows of $1.1 billion in the week ending August 8, the strongest week for either category since April.

Spot bitcoin ETFs drew $853.5 million, while spot ether ETFs received $244.9 million. BlackRock's IBIT fund accounted for $693.7 million of total BTC inflows, or more than 80 percent, with Fidelity's FBTC contributing $116.4 million, or 13 percent of the total.

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