Bitcoin ETF inflows survive 3rd straight week despite $465M exit

U.S.-listed Bitcoin ETFs just pulled off something that looks easier than it actually was: a third consecutive week of net inflows, even as nearly half a billion dollars walked out the door in the final two days of trading. According to CoinDesk, Bitcoin ETF inflows for the week ended July 24 totaled a net $33.79 million — a figure that would have been dramatically higher had investors not yanked roughly $465 million from the funds on Thursday and Friday alone.

Key takeaways

• U.S. Bitcoin ETFs recorded a third straight week of net inflows, closing the week at $33.79 million despite late-week turbulence.
• Late-week outflows of approximately $465 million — split across $225.2 million on July 23 and $240.1 million on July 24 — nearly erased the week’s gains.
• BlackRock’s IBIT product accounted for nearly $415 million of those outflows, making it the focal point of the sell-off.
• The prior two weeks posted inflows of $75.67 million and $197 million respectively, with the current week’s figure being the smallest of the three.
• Federal Reserve rate hike concerns and a pullback in tech stocks were the primary drivers behind late-week selling pressure.

Bitcoin ETFs sustain inflows despite weekend outflows

Three weeks of positive flows sounds like a clean recovery story. The math tells a more complicated one.

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