Key facts
- Bitcoin ETFs saw $465.26 million in outflows on July 23 and 24.
- The ETFs recorded $33.79 million in net inflows for the week ended July 24.
- This is the first three-week inflow streak for U.S.-listed spot bitcoin ETFs since early May.
- Bitcoin prices retreated from a July high of over $66,500 to below $64,000 by the week's end.
Bitcoin ETFs experienced a mixed week, ultimately securing their third consecutive period of net inflows despite significant outflows towards the end of the trading period. The U.S.-listed spot bitcoin exchange-traded funds attracted $33.79 million in the week ending July 24. This positive trend follows eight consecutive weeks of outflows that concluded in mid-May. However, the week's total inflows were tempered by substantial outflows of $225.2 million on July 23 and $240.1 million on July 24, making this the smallest weekly gain compared to the preceding two weeks. Bitcoin itself saw a rally to a July high above $66,500 before falling below $64,000 by the week's close, influenced by profit-taking and broader stock market weakness, particularly in chipmaker stocks.