\n\t\t\t\t\t\t\t\t\tMeanwhile, the spot Ethereum ETFs extended their consecutive weekly streak to five in a row. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
After a shaky July in terms of ETF performance, the Bitcoin funds started August with a bang, attracting more than $800 million in the first full week of the month.<\/p>\n
This coincided with the underlying asset\u2019s price revival, as BTC jumped from a monthly low at $62,200 on Monday to over $65,000 on Friday.<\/p>\n
Best Week Since Mid-April<\/h2>\n
July began with big hopes as investors pulled out more than $2.4 billion out of the spot Bitcoin ETFs<\/a> in May and another $4.5 billion in June. Although there were many good days throughout the seventh month of the year, it ultimately ended with a more modest net inflow of $172.43 million. Thus, it lost<\/a> the July inflow war to Ethereum.<\/p>\n The funds attracted nearly that amount on August 3 alone, pulling in $170 million. Another $211.49 million followed on Tuesday, $244.42 million on Wednesday, $128.69 million on Thursday, and $98.85 million on Friday. Thus, the perfect all-green week was complete, and the end number stands at $853.54 million, which is actually more than all four previous weeks combined.<\/p>\n Moreover, it\u2019s the best single-week performance since mid-April, when the funds were on a roll, gaining nearly $1 billion at one point. It\u2019s also the third-best of the year, as the record still belongs to the week that ended on January 16, when the ETFs attracted $1.42 billion.<\/p>\n The past week has been quite positive for BTC\u2019s price performance as well. Perhaps fueled by the ETF inflows, the asset rose from $62,200 on Monday to $65,400 on Friday after the weaker-than-expected US jobs data<\/a>.<\/p>\n Unlike the spot Bitcoin ETFs, the Ethereum counterparts didn\u2019t have a full red week in July, ending the month with $365 million in net inflows. Their first in August has been quite impressive as well, attracting almost $245 million.<\/p>\n The start of the week wasn\u2019t as promising as investors pulled out $11.42 million. However, they changed their tune during the other four trading days, inserting $53.75 million on Tuesday, $60.86 million on Wednesday, $92.15 million on Thursday, and $49.60 million on Friday. Thus, the cumulative net inflows have increased from $11.21 billion last week to $11.46 billion.<\/p>\n ETH\u2019s price has also climbed by around 3% weekly, currently trading well above $1,920 after it dipped toward $1,800 on Monday.<\/p>\nETH ETFs Extend Streak<\/h2>\n
You may also like:<\/h3>\n
<\/a>