July inflows into U.S.-listed Bitcoin spot ETFs hit a record low, signaling weak institutional demand despite recent multiday gains.
U.S.-listed Bitcoin spot ETFs attracted just $205 million in net inflows for July, the smallest monthly total on record. The figure reflects a tepid recovery after outflows of $2.43 billion in May and $4.52 billion in June, despite recent multiday inflows cited as signs of renewed institutional interest.
Ether ETFs outperformed, pulling in $342.85 million, nearly matching April’s total. Other crypto funds, including XRP and Solana, saw modest inflows of $13.61 million and $13.82 million, respectively. Ether’s relative strength aligns with its 11% gain against Bitcoin this month.
Bitcoin and Ether prices remained flat in the past 24 hours, despite a Fed decision some analysts described as hawkish. Analysts noted $63,300 as a critical support level, with $60k seen as a potential liquidation target if $62.5k is breached.