US spot Bitcoin exchange-traded funds (ETFs) pulled in almost $1 billion last week as institutional demand recovered. Crypto trading also kept Bitcoin within striking distance of the $80,000 level.

Spot Bitcoin ETFs recorded $986.9 million in net inflows during the week ended Sept. 4. This extended their positive streak to three consecutive weeks. That was up from $924.5 million the previous week, according to SoSoValue data.

US spot Bitcoin ETF flows (Source: SoSoValue)

BlackRock’s IBIT dominated the latest flows after attracting $691.5 million, roughly 70% of the weekly total. Despite the influx of capital, Bitcoin ETF trading volume cooled to $14.5 billion from nearly $19 billion a week earlier.

Ethereum funds also remained firmly in…