Galaxy

Spot

Surge

Bitcoin

<h2 id="b-tldr-b">TLDR:</h2><ul><li style="font-weight: 400">U.S. spot Bitcoin ETFs drew $865.3M from Aug. 3-7, signaling a sharp rebound in institutional demand.</li><li style="font-weight: 400">CryptoQuant tracked 11,792 BTC entering ETF-linked wallets, the second-largest weekly increase of 2026.</li><li style="font-weight: 400">Santiment recorded 2.27M new Bitcoin wallets in one week, the highest wallet-creation total in a year.</li><li style="font-weight: 400">Coldcard-related transfers helped lift active Bitcoin wallets to 751,000, the strongest level in 10 months.</li></ul>Bitcoin demand strengthened across institutional and on-chain metrics this week, as <a href="https://blockonomi.com/u-s-etf-launches-hit-record-pace-as-leveraged-products-surge/" rel="noopener noreferrer nofollow">U.S. spot funds</a> attracted fresh capital while wallet creation reached a one-year high. Farside Investors recorded approximately $865.3 million in net inflows across five trading sessions from August 3 through August 7.<div class="embed-x"><blockquote class="twitter-tweet">Bitcoin ETFs Just Had Their Strongest Week In MonthsThis Week Alone, ETFs Bought 11,792 <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> (~$754M) In Spot Demand. That's The 2nd Largest Weekly Inflow Of The Year.The Interesting Part? Most ETF Holders Are Still Sitting On An Average ~10% Unrealized Loss.Yet They're… <a href="https://t.co/iHw2HDdCca" rel="noopener noreferrer nofollow">pic.twitter.com/iHw2HDdCca</a>— Crypto Patel (@CryptoPatel) <a href="https://x.com/CryptoPatel/status/2086157745967731156?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 8, 2026</a></blockquote></div>At the same time, Santiment Intelligence reported 2.27 million newly created wallets during the past week, the highest total recorded in a year. However, the increase reflected both renewed market activity and defensive transfers linked to the recent <a href="https://blockonomi.com/coldcard-bitcoin-theft-attacker-holds-1159-btc-as-mixing-begins/" rel="noopener noreferrer nofollow">Coldcard security crisis</a>.<h2 id="b-u-s-bitcoin-etfs-add-865m-as-institutional-demand-rebounds-b">U.S. Bitcoin ETFs Add $865M as Institutional Demand Rebounds</h2>Farside data <a href="https://farside.co.uk/bitcoin-etf-flow-all-data/" rel="noopener noreferrer nofollow">showed</a> daily inflows of $170.1 million on August 3 and $211.5 million on August 4. The pace strengthened further on August 5, when U.S. spot products attracted another $244.4 million.Inflows then reached $137.6 million on August 6 and $101.7 million on August 7. Combined, those sessions delivered approximately $865.3 million in net capital to <a href="https://moneycheck.com/bitcoin-btc-dips-under-60k-as-u-s-spot-etfs-see-historic-4b-exodus-in-june/" rel="noopener noreferrer nofollow">U.S. spot products</a>.Separate CryptoQuant data also pointed toward stronger institutional accumulation. Analyst Crypto Patel highlighted approximately 11,792 BTC moving into identified provider wallets during the week.Those holdings were valued near $754 million, representing the second-largest weekly increase recorded during 2026. CryptoQuant contributor Darkfost described the rebound as significant after predominantly negative flows since May.Despite the renewed buying, however, the institutional cohort remains underwater on average. Darkfost estimated an aggregate realized price near $72,000 per coin. With the asset trading around $64,700, those holdings sit roughly 10% below their estimated average cost basis.<img class="alignnone wp-image-200027 size-full" src="https://blockonomi.com/wp-content/uploads/2026/08/clipboard-image-1786248541.webp" alt="Bitcoin ETF" width="1200" height="675">Source: <a href="https://cryptoquant.com/insights/quicktake/6a76edfaba40632a95c81929-Bitcoin-ETFs-just-posted-their-2nd-Best-Inflow-Week-of-the-Year" rel="noopener noreferrer nofollow">CryptoQuant</a>Meanwhile, CryptoQuant calculated cumulative position drawdowns at approximately $10.5 billion, down from a record of nearly $11.8 billion in early July. Even so, the latest weekly data shows that capital has returned despite existing positions remaining under pressure.<h2 id="b-bitcoin-wallet-creation-hits-one-year-high-amid-activity-surge-b">Bitcoin Wallet Creation Hits One-Year High Amid Activity Surge</h2>Alongside the recovery in institutional demand, <a href="https://coincentral.com/bitcoin-btc-price-five-days-of-etf-inflows-and-a-jobs-miss-btc-is-having-a-good-week/" rel="noopener noreferrer nofollow">Bitcoin</a> also recorded a sharp increase in blockchain activity. Santiment reported 2.27 million new wallets during the past week, marking the highest weekly total in one year.At the same time, the analytics firm recorded approximately 751,000 active wallets. That figure represented the strongest level of network activity observed in roughly 10 months.<img class="alignnone size-full wp-image-200026" src="https://blockonomi.com/wp-content/uploads/2026/08/clipboard-image-1786248941-scaled.webp" alt="Bitcoin Wallets" width="2560" height="1437">Source: <a href="https://x.com/SantimentData/status/2085785823543271861?s=20" rel="noopener noreferrer nofollow">Santiment</a>However, the increase cannot be attributed entirely to new adoption. Santiment linked a significant portion of the surge to fund movements following the recent Coldcard security crisis.As a result, affected and concerned users have been transferring funds, creating new addresses, and reorganizing their custody arrangements. These defensive movements have consequently increased transaction activity while expanding the number of newly observed wallets across the network.<h2 id="b-coldcard-crisis-drives-defensive-wallet-migration-across-bitcoin-b">Coldcard Crisis Drives Defensive Wallet Migration Across Bitcoin</h2>The surge in wallet activity is closely tied to the scale of the <a href="https://parameter.io/coldcard-hardware-wallet-breach-130m-in-bitcoin-stolen-through-firmware-vulnerability/" rel="noopener noreferrer nofollow">Coldcard security incident</a>. Galaxy Research estimated that attackers drained roughly $130 million from vulnerable wallets after exploiting a seed-generation weakness linked to firmware integration dating from 2021.In response, Coinkite released patched firmware to address the underlying issue. However, installing the updated software does not secure seeds that were generated before the vulnerability was fixed.Therefore, affected users must transfer their funds to newly generated secure wallets. This migration requirement helps explain why both wallet creation and active-address activity increased so sharply during the period.The post <a href="https://blockonomi.com/bitcoin-demand-strengthens-as-etfs-add-865m-and-new-wallets-hit-one-year-high/" rel="noopener noreferrer nofollow">Bitcoin Demand Strengthens as ETFs Add $865M and New Wallets Hit One-Year High</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Bitcoin Demand Strengthens as ETFs Add $865M and New Wallets Hit One-Year High

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