U.S. spot Bitcoin exchange-traded funds (ETFs) drew $986.9 million in net inflows last week, up from $924.5 million the previous week. This marked the third consecutive week of positive flows.
BlackRock’s IBIT accounted for $691.5 million of the inflows in the week ended Sept. 4, according to SoSoValue data. The continued allocations were accompanied by lower trading activity, with weekly volume across the Bitcoin funds falling to $14.5 billion from nearly $19 billion.
The latest figures extended momentum from August, when spot Bitcoin ETFs attracted $3.52 billion in net inflows, their strongest monthly showing since September 2025.
Dominick John, an analyst at Zeus Research, said the sustained inflows indicate institutional capital is gradually rebuilding Bitcoin exposure and generating genuine spot demand rather than demand based on leveraged speculation.
Presto Research associate Min Jung similarly attributed the flows to renewed institutional demand, saying crypto appeared to be undergoing a catch-up trade after trailing other risk assets.
Ethereum Funds Extend Their Own Three-Week Inflow Run
Spot Ethereum ETFs also recorded a third consecutive week of positive flows, attracting $218.4 million in net inflows last week. Trading volume fell to $4.1 billion from $6.3 billion the previous week.
The Ethereum funds brought in $1.85 billion during August, their highest monthly net inflow since August 2025.
Bitcoin Trades Near $80,000 as Macro Data Comes Into Focus
Bitcoin remained around $80,000 after reaching approximately $81,700 last Thursday, according to CoinGecko. It was little changed over the preceding 24 hours at $79,771 as of 2:10 a.m. ET on Monday.
John viewed Bitcoin’s ability to hold $80,000 as supportive of the market structure and expected the cryptocurrency to continue moving gradually toward the $82,000-to-$85,000 range. He said, however, that macroeconomic developments would probably drive the next move.
According to John, traders were watching jobless claims scheduled for Sept. 10 and the consumer price index (CPI) due Sept. 11 for indications about Federal Reserve policy, yields and liquidity.
Jung said a favorable macroeconomic environment could prolong the rally, while a stronger inflation reading represented the principal downside risk.