August 2026 has set a bullish tone for crypto. According to The Kobeissi Letter, investors are now putting large amounts of money into both crypto and gold funds at the same time.

Last week alone saw crypto funds recording $3.2 billion in inflows, marking their biggest weekly inflow since October 2025.

August was bullish for crypto

In this influx, BlackRock’s IBIT stole the spotlight as it attracted $928 million after receiving another $1.3 billion the week before. In other words, IBIT alone brought in more than $2.2 billion over two weeks.

Besides Bitcoin [BTC] ETFs, other altcoin ETFs, including Ethereum [ETH], Solana [SOL], XRP, Hyperliquid [HYPE], and Dogecoin [DOGE], all continued to maintain their…