ETFs: Bitcoin Sees Record Low Inflows, Ether Bucks Trend
Bitcoin spot ETFs have recorded their lowest monthly net inflows ever in July, according to SoSoValue data. The figure stands at $205 million with two trading days left in the month.
By comparison, Bitcoin's ETFs saw a massive exodus of funds in May and June, losing $2.43 billion and $4.52 billion respectively.
Ether (ETH) has fared somewhat better, attracting $342.85 million in July, which is almost as much as it did in April.
XRP ETFs are on track for a fourth consecutive month of inflows with a paltry sum of $13.61 million.