Bitcoin ETFs See Third Week of Inflows Amid Market Uncertainty

For the third week in a row, U.S.-listed Bitcoin ETFs recorded net inflows of $33.79 million, despite late-week outflows totaling nearly half a billion dollars.

The streak follows eight consecutive weeks of outflows dating back to May 15 and marks a modest recovery for the market.

The biggest contributor to this week's outflows was BlackRock's IBIT product, which accounted for nearly $415 million of the losses.

Crypto analytics firm BRN described July as a 'repair phase' rather than a return of strong demand, noting that institutional flows are noticeably weaker than what is typically seen during bull market conditions.