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Bitcoin ETFs recorded net inflows for the third consecutive week; institutional demand is recovering but still cautious

MarsBitNews
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Mars Finance news: On July 27, US spot Bitcoin ETFs recorded net inflows for the third consecutive week, the first time this has occurred since early May. However, due to capital outflows before the weekend, the inflow volume in this round has slowed significantly. As of the week of July 24, the total net inflow into US-listed spot Bitcoin ETFs was $33.79 million. In the previous two weeks, inflow volumes reached $197 million and $75.67 million, respectively. Data shows that on July 23 and July 24, Bitcoin ETFs recorded net outflows of about $225.2 million and $240.1 million, respectively, ending the prior trend of net inflows for 7 consecutive trading days. Among them, the BlackRock subsidiary IBIT product accounted for the largest portion of the net outflows, at approximately $415 million. Market analysis believes institutional capital is starting to return to Bitcoin ETFs again, but demand strength remains lower than in the bull market phase. Crypto data provider BRN said that after the large-scale capital outflows in May and June, the market entered a repair phase in July, but institutional investors remain cautious. On prices: Bitcoin rose to above the July high of $65,000 on Tuesday this week, then fell back below $64k by the weekend due to profit-taking by investors and weakness in US tech stocks. The Nasdaq 100 Index was dragged down by declines in chip stocks, further affecting the performance of risk assets.
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