Bitcoin jumped nearly 2% on the news, reading the data as a signal that the Federal Reserve might ease off. Without those flows, the job data and rate uncertainty would likely have pushed Bitcoin closer to the $63,000 range already. ETF inflows plus dovish Fed expectations would be a strong combination, and Bitcoin could push through $65,469 toward the $67,000 zone. Frequently Asked Questions What drove Bitcoin’s ETF inflows the week of August 3 to 7? CoinGlass tracked $854 million in net spot ETF inflows that week, with BlackRock’s IBIT accounting for approximately $694 million of that total.