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Bitcoin and Ether ETFs Pull In $827 Million

Inflows into U.S. spot funds point to continued institutional demand, with XRP and Solana products also in the mix. After its sharp jump, Bitcoin stayed around $75,500.

By Zenz van der Wielen
• 2 min read
Bitcoin and Ether ETFs Pull In $827 Million

Key Takeaways

  • U.S. spot Bitcoin ETFs pulled in $606 million on August 20, while ether ETFs brought in $221 million.
  • Inflows into Bitcoin funds were higher than a day earlier, when $517 million came in.
  • Bitcoin traded around $75,500 after a sharp move from below $64,000 to above $72,000 earlier this week.

U.S. spot Bitcoin ETFs pulled in $606 million (€519 million) on August 20, while ether ETFs brought in $221 million (€189 million). That kept inflows rising for a second straight day, while Bitcoin traded around $75,500 (€64,600) after a sharp climb earlier this week.

Inflows Keep Accelerating

According to SoSoValue, inflows into Bitcoin funds were higher than a day earlier, when $517 million (€443 million) came in. Ether also had a strong day, with a larger inflow than on August 19. Other funds also attracted money, including XRP products with $13 million (€11.1 million) and Solana funds, although the source did not give an exact amount for those.

Those figures matter because they show that demand did not come from Bitcoin alone. The first spot Bitcoin ETFs launched in early 2024 and made it possible for investors to get direct exposure to Bitcoin through a listed product. Since then, these funds have become an important gauge of institutional interest in crypto. The strong day follows the previous day's inflows, when U.S. spot funds already recorded $517 million in Bitcoin and $189 million in ether inflows.

Bitcoin Holds Onto Its Gains

Bitcoin broke above $69,000 (€59,100) on Wednesday and moved past $72,000 (€61,600) on Thursday. On Friday, the price traded around $75,500 (€64,600), after briefly touching $72,344 (€61,900) on Thursday. That means Bitcoin held onto most of this week's gains.

The rapid rise does raise the question of how strong the move really is. Bitcoin went from below $64,000 (€54,800) to above $72,000 (€61,600) in three days, and rallies that fast often give back part of the gains later if momentum slows.

Why This Matters for Europe

For European crypto followers, this is especially relevant because U.S. spot ETFs often give a clear picture of institutional demand for Bitcoin and ether. Regulators also matter here: the SEC previously scrapped SAB 121, making it easier for banks to hold crypto assets in custody. That may have opened the door wider for larger players, although it says nothing about where the price goes in the short term.

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