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Last week we asked whether the move was a squeeze. Five straight ETF inflow sessions show that ETF buying continued after the initial squeeze. US spot BTC and ETH ETFs ended the week with their strongest combined inflows since October 2025: · BTC ETFs attracted $1.92B across five positive sessions, including $606M on Thursday and $307M on Friday · ETH ETFs added about $697M, with BlackRock's ETHA contributing roughly $537M · Combined trading volume reached about $29B, more than triple the previous week The pattern lasted through all five US trading sessions, but it is not a final verdict on demand. At Friday's close, BTC ETF net assets stood near $96.1B, equal to about 6.2% of Bitcoin's market value and approaching the $100B mark. Two details matter: · Concentration: IBIT captured about $1.33B, or 69% of weekly BTC inflows. ETHA accounted for roughly 77% of ETH inflows. The flows were strong, but breadth remains the next test · Persistence: BTC ETFs remained about $2.9B in net outflows for 2026, while ETH ETFs were roughly $192M negative Relative to their asset bases, ETH recorded the higher inflow ratio. Weekly inflows equaled about 4.9% of ETH ETF net assets, versus roughly 2.0% for BTC. The rally broadened beyond the two largest assets too. BTC recorded its biggest weekly gain since March 2024, while XRP gained nearly 40%. BTC reached roughly $79,500 on Friday, touched a weekend low near $75,600 and traded around $77,000 on Monday. The latest completed US ETF session was Aug 21. Aug 24 flow data will follow after the US close. The next macro test arrives Friday, when Warsh delivers his first Jackson Hole keynote as Fed Chair. Which matters more for BTC this week: persistent ETF demand or Warsh's policy tone? #BTCETFInflowsSurge