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BTC U.S. Bitcoin ETF inflows of US$865 million, institutional demand picks up
Bitcoin wallet creation hits a one-year high, and activity surges
Coldcard crisis triggers Bitcoin defensive wallet migration
The U.S. spot Bitcoin ETF attracted US$865.3 million from August 3 to 7, indicating a significant rebound in institutional demand. CryptoQuant tracked 11792 bitcoins into ETF-related wallets, the second-largest weekly increase since 2026. Sanitation recorded 2.27 million new Bitcoin wallets in a week, the highest total number of wallets created in a year. Coldcard-related transfers helped push the number of active Bitcoin wallets to 751,000, the strongest level in 10 months.
This week, Bitcoin demand strengthened in both institutional and chain indicators, with U.S. spot funds attracting new funds and wallet creation reaching a one-year high. Farside Investors recorded net inflows of approximately $865.3 million over the five trading days from August 3 to August 7.
Meanwhile, Sanitation Intelligence reported that 2.27 million wallets were added in the past week, setting a record for a year. However, this increase reflects both the recovery in market activity and the defensive transfers triggered by the recent Coldcard security crisis.
US Bitcoin ETF inflows of US$865 million, institutional demand is picking up
Farside data showed that daily inflows were $170.1 million on August 3 and $211.5 million on August 4. Growth accelerated further on August 5, with U.S. spot products attracting another $244.4 million. Subsequently, an inflow of US$137.6 million on August 6 and US$101.7 million on August 7. Taken together, these trading days brought in approximately $865.3 million in net capital to U.S. spot products.
Another data from CryptoQuant also points to stronger institutional accumulation. Analyst Crypto Patel pointed out that approximately 11792 bitcoins were transferred to known provider wallets this week. These positions are worth approximately US$754 million, the second-largest weekly increase since 2026. Darkfost, a contributor to CryptoQuant, believes that this rebound is of great significance in the context of continued negative capital flows since May.
However, despite a new round of buying, the institutional community as a whole is still losing money. Darkfost estimates that its average realized price is about $72000 per piece. With current asset prices at approximately $64700, these positions are approximately 10% lower than the estimated average cost.
Meanwhile, CryptoQuant calculated a cumulative position loss of approximately US$10.5 billion, down from the record of nearly US$11.8 billion in early July. Even so, the latest weekly data shows that funds have flowed back, although existing positions are still under pressure.
Bitcoin wallet creations hit a one-year high, activity surged
As institutional demand returns to sync, Bitcoin's blockchain activity has also increased significantly. Sanitation reported that 2.27 million new wallets were added in the past week, setting a weekly record in a year. At the same time, the analytics firm recorded approximately 751,000 active wallets, the strongest level of online activity in nearly 10 months.
However, this growth cannot be entirely attributed to the admission of new users. Sanitation links a large portion of this to the transfer of funds following the recent Coldcard security crisis. As a result, affected users and concerned users are moving funds, creating new addresses and rearranging custody methods. These defensive actions increase transaction activity while expanding the number of new wallets on the network.
Coldcard crisis triggers Bitcoin defensive wallet migration
The surge in wallet activity is closely related to the scale of Coldcard security incidents. Galaxy Research estimates that attackers used a seed generation vulnerability related to 2021 firmware integration to steal approximately $130 million from affected wallets. In response, Coinkite released patched firmware to address the underlying problem. However, installing updated software does not protect seeds generated before the vulnerability is fixed. Therefore, affected users must transfer funds to newly generated secure wallets. This migration need explains why both wallet creation and the number of active addresses have increased so sharply during this period.
