Bitcoin exchange-traded funds (ETFs) attracted $853.54 million in net inflows during the week ending Aug. 7, marking their strongest weekly performance since mid-April. BlackRock’s IBIT accounted for most of the incoming capital, with $693 million in inflows.

The latest figures from SoSoValue point to a possible return of institutional demand after significant selling pressure earlier this year.

Bitcoin’s market performance has also remained relatively firm despite several potential headwinds, including the multimillion-dollar Coldcard hack and higher U.S. government bond yields. BTC held near $64,000 at the beginning of the week before trading around $65,100.

Meanwhile, a weaker-than-expected U.S. employment report for July has reduced expectations for additional Federal Reserve rate hikes. The shift in rate expectations could provide further support for institutional participation in Bitcoin ETFs.

However, the latest weekly inflow should be viewed cautiously. Bitcoin ETFs are still carrying roughly $4.5 billion in net outflows for the year, highlighting how much capital left the market during the first half of 2026.

Bitcoin fell 33% during that period, slipping below $60,000 by the end of June as selling pressure intensified.

For a sustained Bitcoin rally to develop, ETF demand will likely need to remain strong over multiple weeks rather than relying on a single surge in inflows.

Historical data offers some support for this view. From April through October 2025, Bitcoin climbed from approximately $75,000 to a record $126,000, while weekly ETF inflows topped $1 billion on several occasions.

The next major market catalyst is July’s U.S. Consumer Price Index (CPI) report, scheduled for Aug. 12. The inflation figures could influence expectations for Federal Reserve policy and, in turn, affect Bitcoin ETF flows and the cryptocurrency’s price trajectory.