Bitcoin ETFs post third straight weekly inflows despite $465 million in late-week losses
The vast majority of the activity was concentrated in BlackRock’s IBIT product accounting for nearly $415 million of the outflows.
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Summary
- Bitcoin ETFs saw $465.26 million on Thursday and Friday last week, bringing an end to a seven-day winning streak.
- Despite this, the ETFs recorded their third consecutive week of inflows, with gains of $33.8 million across the five days.
- The small gains from bitcoin ETFs continue their modestly positive trajectory throughout July, following eight consecutive weeks of outflows dating back to the week-ended May 15.
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Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
