Bitcoin spot ETFs see $222M inflow after 10-day outflow streak ends
After ten days of continuous outflows, US spot Bitcoin ETFs recorded a net inflow of about $223.5 million on July 2, reversing a painful streak that saw billions withdrawn since their January 2024 launch. This inflow represents roughly 3,730 BTC returning to the funds, following a tough period marked by Bitcoin price corrections and significant redemptions totaling around $4.4 billion over May and June. Despite recent volatility, these ETFs have amassed over $51.5 billion in cumulative net inflows, holding about 3% of Bitcoin's total circulating supply, with BlackRock's IBIT dominating asset management. The inflow signals potential renewed institutional interest in Bitcoin ETFs after a challenging period.
After ten days of continuous outflows, US spot Bitcoin ETFs recorded a net inflow of about $223.5 million on July 2, reversing a painful streak that saw billions withdrawn since their January 2024 launch. This inflow represents roughly 3,730 BTC returning to the funds, following a tough period marked by Bitcoin price corrections and significant redemptions totaling around $4.4 billion over May and June. Despite recent volatility, these ETFs have amassed over $51.5 billion in cumulative net inflows, holding about 3% of Bitcoin's total circulating supply, with BlackRock's IBIT dominating asset management. The inflow signals potential renewed institutional interest in Bitcoin ETFs after a challenging period.
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