Bitcoin ETFs attract nearly one billion dollars in weekly inflows

US Bitcoin exchange-traded funds took in nearly $987 million from investors in the week ending September 4. It was the third week in a row with positive inflows, bringing the three-week total to about $3.8 billion. BlackRock's fund, called IBIT, attracted $691.5 million, which was around 70 percent of the weekly total. Bitcoin was trading near $80,000 during this period, after earlier reaching close to $81,700. Ethereum ETFs also performed well, adding $218.4 million in the same week, their third consecutive week of gains. Together, crypto ETF inflows passed $1.2 billion for the week. Trading volume for Bitcoin ETFs fell to $14.5 billion, down from $19 billion the week before. For August overall, Bitcoin ETFs collected $3.52 billion and Ethereum ETFs collected $1.85 billion.