Bitcoin ETF · Bitcoin · Iran · Decrypt
Bitcoin ETFs Are Green Again—Here’s Why Investors Should Zoom Out
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Bitcoin ETFs have posted back-to-back positive weeks for the first time since early May.
Key facts
- The combined $77.7 billion in total net assets across all 13 spot Bitcoin ETFs is down from over $106 billion recorded before the outflow streak began in mid-May
- Balchunas sees a "spiritual parallel" with IBIT: BlackRock's Bitcoin ETF briefly crossed $100 billion in assets last October, coinciding almost exactly with Bitcoin's all-time high above $126,000
- The 13 U.S. spot Bitcoin funds pulled in $75.7 million in net inflows (money in exceeding money out) for the week ending July 17, according to SoSoValue data
- BlackRock's IBIT has sold close to 100,000 BTC in recent months to meet redemptions, leaving it with over 733,000 BTC under management
Summary
U.S. spot Bitcoin ETFs posted $75.7 million in net inflows for the week ending July 17. This marks a second consecutive green week after eight straight weeks of outflows totaling more than $8.2 billion. The two-week recovery of $273.1 million covers 3.3% of what investors pulled from the funds between mid-May and early July—June was the worst month on record for Bitcoin ETF products since their January 2024 launch. The 13 U.S. spot Bitcoin funds pulled in $75.7 million in net inflows (money in exceeding money out) for the week ending July 17, according to SoSoValue data.