July inflows into spot Bitcoin ETFs mark the smallest monthly total since launch, signaling weak institutional demand.
Spot Bitcoin ETFs are poised to record their lowest monthly inflows in July, with net inflows totaling $205 million. The figure represents a sharp decline from previous months and sets a new record low for the funds since their inception.
Inflows have weakened significantly after net outflows of $2.43 billion in May and $4.52 billion in June. Ethereum ETFs, by contrast, attracted $342.85 million in July, outperforming Bitcoin funds. Analysts attribute the subdued demand to institutional caution amid persistent volatility and lackluster price recovery.
Bitcoin traded at $64,800 on July 30, struggling to sustain momentum after hitting yearly lows earlier in the month.