U.S.-listed spot bitcoin ETFs recorded $33.8 million in net inflows for the week ended July 24, marking a third straight week of gains.
U.S.-listed spot bitcoin ETFs posted $33.8 million in net inflows for the week ended July 24, extending a three-week positive streak despite $465.26 million in outflows on July 23-24. BlackRock’s IBIT product accounted for nearly $415 million of the late-week losses.
The inflows follow eight consecutive weeks of outflows starting mid-May, with July’s modest gains signaling a cautious recovery. Prior weeks saw inflows of $197 million and $75.67 million, making this week’s figure the smallest of the three.
Bitcoin briefly rallied to $66,500 before retreating below $64,000, reflecting subdued institutional demand. Analysts noted July’s inflows as a relief phase but not indicative of a strong bullish trend.