BlackRock's IBIT dominated the Bitcoin side, capturing $128.3 million of the $137.6 million inflow on August 6 — roughly 93% of the day's total — and supplying close to $607 million across the four-session run, or about 79.5% of cumulative net creations. The fund now holds approximately 777,872 BTC valued near $54.4 billion. On the Ether side, BlackRock's ETHA drew $81.14 million of the $92.15 million daily total. Combined net assets for Bitcoin ETFs closed at $78.77 billion, while Ether ETFs reached $10.64 billion.
Yet the price response has been muted. Bitcoin traded around $65,046 on August 8 with 24-hour volume of $14.1 billion and a market cap of $1.3 trillion — roughly $1,000 of price appreciation for three-quarters of a billion dollars of regulated demand over four sessions. The Fear and Greed Index remained at 25, deep in extreme-fear territory, underscoring that the inflows are not driven by retail euphoria.
Flow data cannot prove causation. The NCIJ Network noted that the seven-day Bitcoin ETF inflow of $790.6 million coincided with the Coldcard headlines but emphasized that ETF data reveals what investors did, not why. Meanwhile, Solana and XRP ETFs posted zero net change on August 7, highlighting how concentrated the demand remains in the two largest crypto assets.