US-listed spot Bitcoin exchange-traded funds have recorded net inflows for a second consecutive week, interrupting a nearly two-month streak of capital flight.
The reversal in fund flows suggests that institutional investors may be finding a floor for the world’s largest cryptocurrency after a sustained period of selling pressure.
3% to trade near $61,645 in early July, spearheading a broader recovery across the cryptocurrency market.
The 13 spot Bitcoin ETFs operating in the US market have seen renewed interest, marking a shift in sentiment that aligns with broader recovery signals in the digital asset space.
This development follows a period where Bitcoin had climbed approximately 2.3% to trade near $61,645 in early July, spearheading a broader recovery across the cryptocurrency market.
The synchronized movement in Bitcoin and other assets indicates a notable shift away from the risk-off posture that had characterized recent trading sessions.
The return of inflows to Bitcoin ETFs is significant for market participants tracking institutional adoption and liquidity trends.