Bitcoin ETFs pulled in 747 million euro in a single week

US spot bitcoin ETFs took in 853.54 million dollars in the week ending 7 August, roughly 747 million euro. That is the strongest week since 17 April, when 996.38 million dollars arrived, roughly 872 million euro, and it is close to five times the whole of July combined: 172.43 million dollars, roughly 151 million euro.

Almost all of it came from one fund. BlackRock’s IBIT accounted for 693.7 million dollars of the week, roughly 607 million euro. Fidelity’s FBTC added 40.95 million dollars on 7 August, roughly 36 million euro. VanEck HODL and Invesco BTCO lost money that day: 10.55 and 19.37 million dollars, roughly 9 and 17 million euro.

The link with Coldcard has not been shown

The week coincided with the aftermath of the Coldcard theft, which we covered on 1, 5 and 6 August. From 30 July, attackers were able to guess seeds that a firmware flaw had made predictable. TRM Labs counted more than 116 million dollars from over 5,200 addresses, roughly 102 million euro. Galaxy Research puts it at more than 100 million dollars across some 7,300 addresses, roughly 88 million euro, and suspects the real figure is closer to 130 million dollars, roughly 114 million euro, across more than 7,700 addresses. See our report of 6 August for where that stands.

The reasoning that tends to follow is that victims and other self-custodians are moving their bitcoin into an ETF. It sounds plausible; it has not been shown. No public dataset ties ETF inflows to abandoned self-custody addresses, and more was going on that week: 754.69 million dollars of the 853.54 was already in before Friday morning’s US jobs report, roughly 660 million euro, or 88 percent of the weekly total.

What this is worth to you

An ETF takes the custody risk off your hands and puts it with the fund’s custodian. That is a trade, not a solution: you swap a firmware flaw in your own device for counterparty risk, an annual management fee and an exchange’s trading hours. Anyone who self-custodies and was rattled by Coldcard gains more from checking how their seed was generated than from switching.

For European investors there is the added point that these American funds are not simply on sale here. What is tradable here are crypto ETPs, and those saw outflows over the same period.

Sources: 24/7 Wall St. (8 August 2026), TRM Labs, Galaxy Research. Last checked: 10 August 2026.