Bitcoin ETFs post third straight weekly inflows despite $465 million in late-week losses
U.S.-listed spot bitcoin ETFs recorded their third consecutive week of inflows, though the momentum slowed significantly due to heavy outflows late in the week. Analysts suggest that while institutional interest remains, it is currently cautious compared to previous bull market cycles.
Why it matters
Bitcoin ETF performance serves as a key barometer for institutional investor sentiment and the broader health of the cryptocurrency market.
The U.S.-listed spot bitcoin BTC $ 65,234.12 exchange-traded funds (ETFs) have logged their first three-week inflows streak since early May.
These funds attracted $33.79 million in the week ended July 24. That figure would have been much bigger had it not been for net outflows of around $225.2 million and $240.1 million on July 23 and 24 respectively, according to data tracked by SoSoValue.
These late-week outflows also make the total weekly figure the smallest compared to the previous two weeks of inflows of $197 million and $75.67 million.
The story, therefore, is that institutional demand has returned, but it’s anemic and not as powerful as typically observed during bull runs.
“After May and June’s heavy outflows, July’s repair phase has brought relief, but institutional demand is still cautious,” crypto analytics firm BRN said in a email to CoinDesk.
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