Key facts
- US spot Bitcoin ETFs saw $79.2 million in inflows on Thursday.
- This marks a three-day streak of positive inflows totaling approximately $368 million.
- Cumulative net inflows for US spot Bitcoin ETFs have reached $51.2 billion.
- Total assets under management for these ETFs now stand at $77.7 billion.
- Bitcoin prices briefly surpassed $65,000 on Wednesday.
- July's inflows have reversed previous months' net outflows.
US-listed spot Bitcoin exchange-traded funds (ETFs) experienced a three-day streak of positive net inflows, attracting $79.2 million on Thursday. This brought the total inflow over the three-day period to approximately $368 million.
The recent inflows coincide with Bitcoin's attempt at a price recovery, having briefly surpassed $65,000 on Wednesday for the first time since late June. This positive trend in July marks a reversal from net outflows recorded in May and June, potentially making July the first month of positive net flows since April.
As of Friday, cumulative net inflows into US spot Bitcoin ETFs have reached $51.2 billion, with total assets under management rising to $77.7 billion. However, the year-to-date net flows for US spot Bitcoin ETFs were reported as down around $5.4 billion.