U.S. Bitcoin ETFs see third weekly inflow, $465M outflows

U.S.-listed spot bitcoin exchange-traded funds recorded a third consecutive week of net inflows despite significant late-week outflows, highlighting a fragile and cautious recovery in institutional demand. For the week ending July 24, the funds attracted a net $33.79 million, according to data tracked by SoSoValue. This modest gain was overshadowed by substantial outflows of $225.2 million and $240.1 million on July 23 and July 24, respectively, which ended a seven-day streak of positive flows totaling nearly $1 billion.

The week's small net inflow continues a modestly positive trajectory for the funds throughout July, following eight consecutive weeks of outflows dating back to mid-May. This period of redemptions contributed to the funds posting their first negative half-year on record since launching in January 2024, with net outflows totaling between $5.4 billion and $5.8 billion for the first six months of 2026. June was particularly severe, seeing approximately $4.5 billion exit the products, the largest monthly outflow ever recorded for the asset class.

BlackRock's iShares Bitcoin Trust (IBIT) dominated the recent activity, accounting for $202.5 million of the outflows on...