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Crypto

Bitcoin ETFs Erase $5.8B Deficit, Now Show Net Inflows of $800M

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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.

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