Bitcoin spot ETFs record net inflows for the third consecutive week

TechFlow reports, on July 27, U.S. Bitcoin spot ETFs recorded a net inflow of $33.79 million for the week ending July 24, marking the first three consecutive weeks of net capital inflows since early May.

However, net outflows of approximately $225.2 million and $240.1 million occurred on July 23 and 24, respectively, with a combined outflow of $465.26 million over the two days, ending the previous seven consecutive trading days of net inflows. Data indicates that most of the outflows in the latter part of the week were concentrated in BlackRock IBIT, accounting for approximately $415 million.

Overall, although institutional demand has recovered somewhat, it remains relatively cautious, and the intensity does not match typical bull market periods.