August 2026 has set a bullish tone for crypto. Investors are simultaneously pouring large amounts into crypto and gold funds. Last week, crypto funds recorded $3.2 billion in inflows – the biggest weekly inflow since October 2025. BlackRock’s IBIT attracted $928 million after receiving $1.3 billion the prior week, totaling over $2.2 billion in two weeks. Bitcoin ETFs ended a nine-day inflow streak with outflows but still saw $925 million weekly. Meanwhile, Ethereum ETFs attracted $824 million in weekly inflows, extending a streak to 10 sessions. Analysts suggest a rotation into altcoins rather than a reversal.
According to The Kobeissi Letter, investors are now allocating significant capital to both crypto and gold funds simultaneously. Last week alone, crypto funds saw $3.2 billion in inflows, marking their largest weekly inflow since October 2025.
BlackRock’s IBIT led the charge, attracting $928 million after receiving $1.3 billion the week before. Over two weeks, IBIT alone brought in more than $2.2 billion.
Beyond Bitcoin ETFs, altcoin ETFs for Ethereum, Solana, XRP, Hyperliquid, and Dogecoin all maintained their inflow streaks. Overall crypto funds averaged $1.3 billion in weekly inflows for four straight weeks, the strongest four-week pace in about ten months.
Recent analysis indicates that crypto demand has rotated rather than reversed. U.S. Bitcoin ETFs ended a nine-day inflow streak with $202 million in outflows but still attracted $925 million for the week, while IBIT received $938 million.
Ethereum ETFs saw $824 million in weekly inflows, with another $102 million on August 28, extending their inflow streak to ten sessions. Solana and XRP ETFs also attracted fresh capital, suggesting investors may be shifting toward altcoins before the September effect.
Remarking on the same, Scott Melker, widely known as “The Wolf of All Streets,” said, “The bid rotated. It did not reverse.”
