Bitcoin ETFs See Third Week of Inflows Amid Market Uncertainty

US-listed spot Bitcoin ETFs saw their third consecutive week of net inflows, totaling $33.79 million for the week ending July 24.

This streak marks the longest since early May and suggests a growing interest in Bitcoin-based investment products among institutional investors.

However, these gains were nearly erased by strong outflows of $465 million on Thursday and Friday, mainly from BlackRock's IBIT fund.

The decline was also attributed to profit-taking and a tech stock sell-off in the Nasdaq, which pushed Bitcoin prices down from a July high above $66,500 to below $64,000 by week's end.

This indicates that while there is some momentum behind Bitcoin ETFs, it remains fragile amid broader market uncertainty and investor caution.