Bitcoin ETF Inflows Hit Record Low as Ethereum Funds Outperform

Bitcoin spot exchange-traded funds (ETFs) posted their lowest-ever monthly inflows in July, but still managed to recover from the outflows seen in May and June. The $205 million in net inflows for Bitcoin ETFs is a record low since their launch in 2024, according to data from SoSoValue. This marks a significant drop compared to the $2.43 billion of outflows in May and $4.52 billion in June.

The Ethereum ETFs, however, performed better than Bitcoin funds, attracting approximately $342.85 million in July, almost as much as in April. The XRP ETFs are on track for a fourth consecutive month of inflows, while Solana ETFs saw inflows of around $13.82 million.

Bitcoin's price edged 0.5% higher in the last 24 hours, trading at around $64,800. On Stocktwits, retail sentiment around BTC remained in 'bearish' territory over the past day.