This Week in Bitcoin: ETF Inflows Return, Coldcard Fallout Widens, and Miners Pivot to AI
A week-in-review: bitcoin ETF flows turned positive, a weak jobs report fueled a rally to $65,300, and bitcoin miners kept leaning harder into AI hosting deals.
BY JASON VISCOSI5 MIN READ
Bitcoin ETF inflows, hardware-wallet security concerns and miners' expansion into AI hosting shaped the week's coverage.
The ETF story: from outflows to a rally
The week opened with spot bitcoin ETFs still digesting a rough July, then flipped: a seven-day outflow streak broke on August 3–4 with $170 million in fresh inflows, and by August 7 a badly-missed July jobs report pushed rate-cut odds higher and bitcoin to $65,300 — its best level in weeks. See our full breakdown of the ETF inflow reversal and the jobs-report rally.
Infrastructure and security kept moving underneath the price
Away from the price chart, the week's more structural stories: TeraWulf's 20-year, $33 billion AI hosting deal with Anthropic underscored how far bitcoin miners are shifting toward AI power leasing, while Bybit's court injunction against Lazarus Group-linked assets gave hacked exchanges a new legal playbook. Meanwhile Hashdex became the first issuer to shut down a U.S. spot bitcoin ETF, a reminder of how concentrated that market has become.
WHY IT MATTERS
None of this week's stories moved bitcoin's price on their own the way a halving or an exchange collapse would — but together they sketch where the next cycle's infrastructure is being built: AI-hosting miners, civil-court asset recovery, and a maturing, consolidating ETF market.
What to watch next
1.Whether the ETF inflow streak and rate-cut odds continue building into next week.
2.Further AI hosting announcements from other publicly traded miners.
3.Any additional small-ETF closures following Hashdex's wind-down.
Frequently asked questions
What was the biggest bitcoin story this week?
The reversal in bitcoin ETF flows combined with a weak July jobs report, which together pushed bitcoin to its highest level in weeks at $65,300.
Why are bitcoin miners signing AI hosting deals?
AI computing hosting pays far more per megawatt-hour than Bitcoin mining does at current network difficulty, prompting miners with existing power infrastructure to lease capacity to AI companies.
Is bitcoin ETF demand recovering?
Cautiously — a single week of inflows broke a losing streak, but the 30-day flow picture remained negative, so it's early evidence rather than a confirmed trend.
SOURCES & DATA
Education, not financial advice. See our editorial process and corrections policy.
Jason Viscosi
Founder and accountable editor of Bitcoin Almanack.
Sources, standards & corrections
Sources are linked inline. Read our editorial information, AI disclosure and corrections policy, or report an error.
Sources are linked inline. Read our editorial information, AI disclosure and corrections policy, or report an error.