Finance09 August, 20262 min read
Bitcoin Rallies as U.S. Spot Bitcoin ETFs Pull $853.54 Million Net Inflows
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U.S. spot Bitcoin ETFs saw $853.54 million net inflows in week ended Aug. 7. BlackRock's IBIT accounted for about $693 million of the inflows.
ETF inflows lift Bitcoin
Bitcoin prices moved higher as U.S. spot Bitcoin ETFs pulled in $853.54 million in net inflows for the week ended Aug. 7, the largest weekly total since mid-April, according to data from SoSoValue.
CoinDesk said BlackRock’s IBIT accounted for $693 million of the weekly total, and it noted that Bitcoin traded at around $65,100 as of its writing after holding steady at around $64,000 early in the week.
The Cryptonomist similarly tied the $853.54 million weekly inflow to BlackRock’s IBIT, saying it accounted for $693 million and that the week ran between August 3 and August 7.
Benzinga framed the same period as ETF inflows offsetting a setback tied to the CLARITY Act, while its market snapshot showed BTC/USD at 65178.09 at 12:31 PM on August 9, 2026.
Jobs data shifts rate bets
CoinDesk linked the inflow surge to macro conditions, saying Friday’s unexpectedly weak U.S. jobs report for July cooled bets on further Federal Reserve rate hikes for now.
Startup Fortune put the jobs report in concrete figures, saying the Bureau of Labor Statistics reported the U.S. economy lost 23,000 jobs in July while economists had expected a gain of roughly 80,000 to 85,000.
Startup Fortune also said the unemployment rate fell to 4.1 percent and that futures pricing tracked by CME Group put the chance of a September 16 Fed rate hike at 44.0 percent after the report, down from 54.7 percent before it.
Pluang added that the U.S. Senate postponed the floor vote on the CLARITY Act until September due to concerns about stablecoin impacts on banks and ethics provisions demanded by Democrats.
What to watch next
CoinDesk cautioned that the latest spike in inflows represents only one week of data, adding that on a year-to-date basis the ETFs remain roughly $4.5 billion in the red due to net outflows.
The Cryptonomist similarly said Bitcoin ETFs remain down roughly $4.5 billion in net outflows year-to-date and described the week’s $853.54 million as the strongest showing for the category since April, according to SoSoValue figures.
CoinDesk said the focus now shifts to the July U.S. CPI data, due on Aug. 12, because it could influence both ETF inflows and bitcoin’s price trajectory.
CryptoRank broadened the watch list beyond Bitcoin by reporting that spot Ether ETFs added $49.60 million on Thursday, extending their own inflow run to four trading days, while noting a Senate vote was four days away.