Bitcoin ETFs Bounce Back from $265 Million Drain

Bitcoin ETFs saw a significant shift in just two sessions, from a $265.4 million net outflow on July 31 to a $170.1 million net inflow on August 3.

The reversal was led by BlackRock's IBIT fund, which accounted for $111.4 million of the day's haul, or roughly 65.5% of the total inflows.

However, this concentration of funds raises questions about the broader trend in institutional demand for Bitcoin ETFs.

The data suggests that while money can flow into other funds besides IBIT, the spread remains heavily concentrated at the top, with a single green row following a red one not necessarily indicating a recovery curve.