Bitcoin Spot ETFs Post Third Consecutive Week of Net Inflows

For three consecutive weeks now, Bitcoin spot ETFs have seen net inflows, and last week was no exception. According to data from SoSoValue, during the trading days of July 20 to July 24 (Eastern Time), these funds saw a total net inflow of $33.79 million.

The largest net inflow among Bitcoin spot ETFs last week went to Grayscale's Bitcoin Mini Trust BTC, with $85.78 million pouring in over the week. This brings its total historical net inflow to a staggering $2.65 billion.

Ark & 21 Shares ETF ARKB came in second, with a weekly net inflow of $78.73 million. Its cumulative historical net inflow now stands at $1.33 billion.

On the flip side, BlackRock's ETF IBIT saw the largest net outflow last week, with a staggering $95.9 million leaving the fund over the period. Despite this, its total historical net inflow remains high at $60.39 billion.