Bitcoin spot ETFs recorded approximately $850 million to $1 billion in net inflows during the first week of August, marking the strongest week since April. On August 7 alone, Bitcoin ETFs added nearly $99 million in inflows, extending a five-day streak of positive flows. BlackRock’s IBIT led once again with significant inflows. At the same time, Bitwise raised its long-term Bitcoin price target to $1.3 million, citing growing institutional participation as the main driver. Data comes from trackers such as SoSoValue and analysts like Eric Balchunas.
SoSoValue, Eric Balchunas, Cointelegraph