Bitcoin ETFs Erase $5.8B Deficit, Now Show Net Inflows of $800M
U.S.-listed spot Bitcoin funds have reversed their fortunes in recent weeks. After a deficit of $5.8 billion in July, they now sit at about $800 million in net inflows for the year.
This represents a swing of more than $6 billion from the low point.
The turnaround has accelerated over the past week, with approximately $2.84 billion entering the products across six consecutive inflow sessions.
Bitcoin's recovery from below $58,000 in early June to the mid-$80,000 area this week may have contributed to this trend.