Spot Bitcoin ETFs See Eighth Week of Net Outflows, AUM Rises on Price Recovery
Spot Bitcoin ETFs recorded net outflows for the eighth consecutive week, with $526.6 million exiting last week. Despite $221.7 million in inflows on July 2, the trend remained negative. However, total assets under management grew from $72.8B to $74.4B as Bitcoin's price recovered.
Spot Bitcoin ETFs have suffered net outflows for eight straight weeks, with $526.6 million leaving the products in the most recent week. While July 2 saw inflows of $221.7 million, they were insufficient to reverse the persistent negative trend.
Despite the outflows, the total value of assets held in these funds rose from $72.8 billion to $74.4 billion over the same period, driven by a recovery in Bitcoin's price. This suggests that while capital continues to exit, the underlying asset's appreciation has partially offset the impact on fund AUM.
Source: ForkLog