Bitcoin ETFs Log a Third Week of Inflows Even After a Sharp $465M Late‑Week Pullback
TL;DR
- Weekly inflows: Bitcoin ETFs finished the week with $33.79 million in net inflows, extending a three‑week streak despite sharp late‑week outflows that cut the total significantly.
- IBIT’s impact: BlackRock’s IBIT drove nearly $415 million of the two‑day pullback, showing institutions actively reducing short‑term exposure and highlighting the fragile foundation of recent demand.
- Macro pressure: Rising oil prices, inflation expectations, and renewed rate‑hike odds contributed to outflows across Bitcoin ETFs, stock funds, and bond funds.
The U.S.-listed Bitcoin ETFs extended their recovery phase with a third consecutive week of inflows, signaling that institutional appetite has returned, though with noticeably weaker conviction. The funds brought in $33.79 million for the week ending July 24, a positive finish that masked a sharp late‑week reversal and highlighted the fragile nature of current demand.
Institutional Appetite Returns but Lacks Strength
The weekly inflow figure would have been significantly larger if not for steep outflows of $225.2 million and $240.1 million on July 23 and 24. Those two sessions erased nearly half of the roughly $1 billion absorbed during the prior seven‑day streak, making this the smallest weekly gain compared to inflows of $197 million and $75.67 million in the previous two weeks.
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