Bitcoin funds kicked off August with a powerful surge pulling over 800 million dollars into the spot etfs during that first full week 🖤.
This aligned perfectly with btc clawing back from its monthly low of 62200 dollars on monday up past 65000 dollars by friday 🌑.
Bitcoin Funds Dominate With Record Inflows ✨
Investors had yanked 2.4 billion dollars in may and 4.5 billion in june but july closed modestly with just 172.43 million dollars net inflows.
The funds hauled in nearly that sum on august 3 alone with 170 million dollars then followed by 211.49 million on tuesday 244.42 million on wednesday 128.69 million on thursday and 98.85 million on friday for a flawless all green total of 853.54 million dollars 💉.
This marks the strongest single week since mid april when gains nearly hit 1 billion dollars and ranks as the third best of the year after the january 16 peak of 1.42 billion dollars.
Btc price thrived too climbing from 62200 dollars to 65400 dollars on friday amid softer us jobs data 🔥.
Ethereum Etfs Keep Their Inflow Streak Alive 🦇
Spot ethereum etfs avoided any full red week in july wrapping with 365 million dollars net inflows and extended the momentum in august by pulling almost 245 million dollars more 🔮.
Monday saw a modest 11.42 million dollar outflow but the rest turned strong with 53.75 million on tuesday 60.86 million on wednesday 92.15 million on thursday and 49.60 million on friday lifting cumulative totals from 11.21 billion to 11.46 billion dollars 🕸️.
Eth advanced roughly 3 percent weekly now trading comfortably above 1920 dollars after touching near 1800 dollars early on 🌙.
Just another echo from the void by iconofsin.eth 💖
