Overview
- U.S. spot Bitcoin ETFs recorded roughly $754 million of net inflows this week, with data providers and multiple reports showing a clear weekly recovery in institutional demand.
- BlackRock’s iShares Bitcoin Trust dominated the flows, taking the bulk of early‑August purchases and logging roughly 9,269 BTC (about $600 million) in four straight days of net inflows.
- On‑chain analytics show large wallets holding 10–10,000 BTC accumulated over 20,000 BTC since July 29 and whale-class addresses now hold about 3.06 million BTC, signaling substantial supply transfer to big holders.
- A Coldcard hardware‑wallet firmware exploit moved an estimated $120–$130 million in BTC, prompting migrations and custody concern but sending only a fraction of that supply to exchanges for sale.
- SEC filings and quarter‑to‑quarter trust data show BlackRock’s crypto trusts had a combined $3.5 billion net decrease in capital‑share activity in Q2, underscoring how concentrated creations and redemptions by large issuers can quickly change spot liquidity and price direction.