#August Market Prediction

Last week ended with a bang in the cryptocurrency ETF market as institutional investors began pouring in funds at a record pace for this summer. Both the Bitcoin and Ethereum funds closed on Friday, August 8, in the green, signaling a potential continuation of momentum this week.
Bitcoin ETFs recorded an inflow of $403.88 million, marking their third consecutive positive session. On this day, IBIT from Blackrock dominated, attracting $359.98 million, which accounts for a staggering 88% of the total volume. FBTC from Fidelity added $30.49 million, while the Bitcoin Mini Trust from Grayscale attracted $13.41 million. No ETF recorded an outflow. The trading volume was $2.61 billion, with net assets remaining steady at $150.70 billion.
Ethereum ETFs have even surpassed Bitcoin, recording a massive influx of funds amounting to $461.21 million. They have shown positive dynamics for the fourth consecutive day. ETHA from Blackrock led the growth with $254.73 million, followed by FETH from Fidelity with $132.35 million.
Grayscale's Ether Mini Trust added $38.25 million, while ETHE attracted $26.84 million. Completing the growth, ETHW from Bitwise attracted $7.83 million, and QETH from Invesco attracted $1.22 million. No outflows were recorded. Trading volume surged to $2.44 billion, and net assets reached a record high of $23.38 billion.
Considering that Bitcoin continues to recover and Ethereum ETFs are setting records, the weekly close paints a picture of strong institutional confidence and possibly bullish momentum in the coming days.