ETFs Bring Back $5.8B in Outflows as Bitcoin Reaches New Heights

U.S.-listed spot Bitcoin exchange-traded funds (ETFs) have recouped their year-to-date net outflows, which had reached $5.8 billion in July, and moved to about $800 million in net inflows.

The funds' cumulative net flows year to date stood at a low for the year of minus $5.8 billion on July 13, but turned positive by about $800 million in the latest data.

This recovery coincided with Bitcoin's rise from below $58,000 in early June to around $85,000.

Over six consecutive trading days, the funds recorded total net inflows of $2.84 billion, surpassing the $2.35 billion recorded over six trading days between February 22 and 29, 2024, but falling short of the $4.73 billion six-day streak between November 6 and 13, 2024.