Bitcoin ETFs see $197M inflow, ending 8-week outflow streak but recovery remains cautious.
U.S.-listed Bitcoin ETFs attracted $197.4 million in net inflows this week, ending an eight-week streak of withdrawals. Most of the inflows came from BlackRock’s iShares Bitcoin Trust, while other funds like Grayscale and Fidelity saw outflows. Despite this positive shift, the inflows only recovered about 2.4% of the $8.26 billion lost in the prior eight weeks, indicating cautious institutional demand. Trading volumes remain low, and the upcoming U.S. inflation report on July 14 could influence whether this inflow trend continues or reverses.
U.S.-listed Bitcoin ETFs attracted $197.4 million in net inflows this week, ending an eight-week streak of withdrawals. Most of the inflows came from BlackRock’s iShares Bitcoin Trust, while other funds like Grayscale and Fidelity saw outflows. Despite this positive shift, the inflows only recovered about 2.4% of the $8.26 billion lost in the prior eight weeks, indicating cautious institutional demand. Trading volumes remain low, and the upcoming U.S. inflation report on July 14 could influence whether this inflow trend continues or reverses.
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