Bitcoin ETFs Inflows Extend Weekly Gains Despite BTC Weakness

TLDR

• US spot Bitcoin ETFs recorded $233.1 million in daily net inflows.
• The inflows marked their strongest daily performance in over three weeks.
• BlackRock’s IBIT led with $183.4 million, or about 78.7% of the total.
• Weekly Bitcoin ETF inflows returned to positive territory at $203.84 million.
• July net inflows reached $437.8 million, ending two months of heavy outflows.

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US spot Bitcoin ETFs recorded their strongest daily inflows in more than three weeks on Thursday. Bitcoin ETFs inflows reached $233.1 million even as BTC fell below $64,000 during the latest trading session.

The rise in fund demand came during weak price action. Bitcoin traded near $63,700 at press time after losing about 1.3% over 24 hours. The move showed that ETF buying did not immediately lift the overall spot market.

Bitcoin ETFs Inflows Return Weekly Total to Positive

BlackRock’s iShares Bitcoin Trust led Thursday’s inflows with $183.4 million. The fund accounted for about 78.7% of the total daily amount.

Bitwise’s BITB added $20.7 million, while Fidelity’s FBTC attracted $15.5 million. Other listed funds reported smaller inflows during the session.

Source: Farside Investors

The latest Bitcoin ETFs inflows pushed the weekly total to $203.84 million. The funds could record a fourth straight positive week unless Friday brings withdrawals above that amount.

July Flows Reverse Two-Month Outflow Trend

US spot Bitcoin ETFs have attracted $437.8 million in net inflows during July. The monthly gain could end a two-month run of multibillion-dollar outflows.

Institutional demand improved, but Bitcoin remained under pressure. BTC price started near $64,500, climbed above $65,200, and then lost momentum. Sellers erased the short rally.

The price later dropped below $64,500 and continued falling through the morning. Selling pressure remained active despite stronger ETF demand. Traders kept Bitcoin below the $64,000 level as the market searched for support.

Ethereum ETFs Record Another Positive Session

US spot Ethereum ETFs also posted net inflows on Thursday. The funds attracted a combined $13.3 million during the trading day.

Ethereum ETFs recorded outflows on only five sessions in July. That marked a clear change from June, when the funds posted inflows on just four days.

The combined ETF data showed stronger demand for both Bitcoin and Ethereum products. However, the gains did not stop short-term weakness across the wider crypto market.