U.S. spot Bitcoin exchange-traded funds pulled in $1.92 billion in net inflows in the week ending Aug. 21, the strongest weekly total since October last year, according to a Techub report citing CryptoPotato. The biggest single-day move came on Wednesday, when net inflows jumped to $517 million after the U.S. Treasury announced an expansion of long-term Treasury buybacks. Spot Ether ETFs also saw heavy demand during the same period, attracting nearly $700 million in net inflows, also their highest weekly level since last October. Their cumulative net inflows rose from $11.45 billion a week earlier to $12.15 billion. The inflows came alongside a sharp move higher in crypto prices. Bitcoin climbed from below $65,000 at the start of the week to nearly $80,000 at one point, while Ether advanced from $1,900 to above $2,500 at its peak. The figures point to a week of strong institutional demand across both major crypto ETF products.
U.S. spot Bitcoin ETFs recorded $1.92 billion in net inflows in the week ending Aug. 21, marking their strongest weekly haul since October last year, according to Techub, which cited CryptoPotato.
The sharpest daily intake came on Wednesday, when net inflows reached $517 million after the U.S. Treasury announced a larger long-term Treasury buyback program.
Spot Ether ETFs also posted nearly $700 million in net inflows over the same period. That was also the highest weekly level since October last year. Their cumulative net inflows increased from $11.45 billion last week to $12.15 billion.
As capital moved into the funds, Bitcoin rose from below $65,000 at the start of the week to nearly $80,000 at one stage. Ether also climbed, moving from $1,900 to above $2,500 at its high.
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