US spot Bitcoin and Ethereum ETFs both logged fresh net inflows in early August, according to on-chain analytics firm Lookonchain, extending a run of institutional demand that has built through the first week of the month. Bitcoin ETFs took in a net 1,673 BTC, worth roughly $109.16 million, over a single day, while Ethereum ETFs added 42,756 ETH, worth about $82.52 million, over the same period.
Looking at the trailing week, Bitcoin ETFs recorded net inflows of 7,306 BTC, valued at approximately $476.7 million, while Ethereum ETFs pulled in 85,091 ETH, worth roughly $164.22 million, over seven days. Separate tracking of ETF activity around the same period showed no Bitcoin ETF issuer recording net outflows in August so far, with BlackRock's IBIT fund alone absorbing $111 million in BTC on August 3, alongside smaller additions from Fidelity and Franklin Templeton.
A Reversal From Earlier in the Year
The renewed inflows mark a shift from the pattern seen through much of the first half of 2026, when crypto ETF products faced heavy outflows tied to macro uncertainty, shifting rate expectations, and a broader pullback in risk appetite among institutional allocators. Cumulative net inflows into Ethereum ETFs since their 2024 launch have now reached roughly $11.18 billion, with BlackRock's ETHA fund accounting for the bulk of that figure at $11.4 billion on its own, underscoring how concentrated the Ethereum ETF market has become around a single dominant issuer.
The timing of the latest inflows is notable given the volatility elsewhere in markets this week, with a weaker-than-expected July jobs report rattling equities and pushing safe-haven assets like gold to multi-week highs. That Bitcoin and Ethereum ETFs drew fresh capital during the same stretch suggests at least some institutional investors are treating crypto exposure as a complement to, rather than a casualty of, the broader risk-off move in traditional markets.
Related: BlackRock's Bitcoin ETF Extends Streak to Four Days of Inflows
Whether the four-plus consecutive days of inflows can be sustained into next week will likely hinge on how upcoming economic data and Federal Reserve commentary shape broader risk sentiment heading into the fall.
