Crypto
Bitcoin ETFs End July in the Green Despite Late-Month Selling Pressure
US-listed spot Bitcoin exchange-traded funds (ETFs) finished July in the green, despite a late-month wave of selling and BTC price volatility.
The funds logged a modest $172.4 million in net inflows for the month, reversing two consecutive months of outflows, according to SoSoValue data.
This turnaround improved Bitcoin ETF flows after nearly $7 billion in combined outflows over the previous two months.
July's positive territory was, however, short-lived as investors remained cautious heading into August, with a weak finish showing $265.4 million net outflow on Friday, marking their largest daily withdrawal since July 13.