After suffering four days of persistent outflows, U.S. spot Bitcoin ETFs reversed course with $91.5 million in net inflows recorded on August 6.
This rebound follows a turbulent stretch that saw over $1.45 billion pulled from the market earlier in the week.
BlackRock and Bitwise Lead the Turnaround
According to data from SoSoValue, BlackRock’s IBIT fund brought in $41.93 million, marking the highest inflow of the day. Bitwise’s BITB followed closely, securing $26.35 million, while Grayscale’s GBTC added another $14.5 million. Other ETFs such as those from Fidelity (FBTC) and VanEck (HODL) also saw modest inflows, while Ark Invest’s ARKB slipped with a $5.37 million outflow.
The sharp reversal has been interpreted by analysts as a renewed vote of confidence in crypto markets by institutional players. Nick Ruck of LVRG noted that inflow activity during periods of low price volatility often signals long-term conviction, especially as Bitcoin stabilizes around the $114,500 mark.
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Ethereum ETFs Regain Positive Momentum
Ethereum-based funds joined the rally with BlackRock’s ETHA attracting $33.39 million in fresh capital. Grayscale’s ETHE added $10.04 million, although its core ETH trust saw a minor $8.67 million withdrawal, highlighting mixed sentiment. Other ETH funds from Fidelity, Bitwise, and VanEck reported neutral to modest gains.
The ETH inflows offer relief after the $617 million in cumulative outflows seen just days prior, suggesting that investor sentiment may be shifting again as macroeconomic uncertainty and ETF volatility continue to shape crypto fund activity.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
