US spot Bitcoin ETFs recorded $98.85 million in net inflows on August 7, marking a fifth consecutive trading day of net buying, according to SoSoValue data cited by Wu Blockchain. US spot Ether ETFs also logged inflows the same day, extending a period where both major crypto ETF categories have moved in the same direction.
The five-day run builds directly on the streak's earlier legs: spot Bitcoin ETFs had already extended their run to four straight days with a $129 million haul before Friday's $98.85 million print pushed the streak further, even as the daily total came in lower than some of the days earlier in the week.
A steadier, if smaller, pace of buying
The moderation in Friday's figure compared with earlier in the week is worth noting on its own. Multi-day inflow streaks in spot Bitcoin ETFs have tended to front-load their biggest single-day prints, so a smaller but still-positive number on the fifth day suggests demand held up rather than reversing, even if the pace of buying cooled slightly heading into the weekend.
Related: Bitcoin ETFs Extend Inflow Streak to Four Days With $129M Haul
What's driving the streak
The inflow run has coincided with a turbulent week for traditional markets — a weaker-than-expected US jobs report, falling Treasury yields, and a rally in gold and silver all landed in the same window, conditions that have historically pushed some allocators toward alternative stores of value including bitcoin. Whether the ETF streak extends into a sixth day will depend largely on whether that macro backdrop, and the softer rate-cut expectations that came with it, continues to hold through the following week.
