Institutional demand for Bitcoin and Ethereum appears to be returning—but anyone looking only at crypto prices might not notice.

U.S. spot Bitcoin and Ethereum ETFs attracted approximately $1.1 billion in combined net inflows during the first full trading week of August. Despite this apparent wave of institutional demand, Bitcoin remains below $65,000 while Ethereum is struggling to move decisively beyond $1,900.

The disconnect raises an important question: If institutions are buying again, why are crypto prices barely moving?

Bitcoin and Ethereum ETFs Record a Strong Week

According to updated data from Farside Investors, U.S. spot Bitcoin ETFs recorded approximately $865 million in net inflows between August 3 and August 7.

Some earlier…