Bitcoin spot ETFs pull in $381M this week as buying pressure builds near $64K

After two months of investors heading for the exits, Bitcoin spot ETFs just had a week that suggests the mood has shifted. Net inflows hit $381 million, with buying accelerating as Bitcoin’s price hovered near $64,000. The outflow streak is over Bitcoin spot ETFs had just endured an eight-week streak of net outflows, a period that drained capital and shook confidence in the post-ETF-launch narrative. July changed the equation. The month recorded somewhere between $381 million and $403 million in total net inflows, making it the first positive month since April. For the first time in roughly three months, more money flowed into Bitcoin ETFs than flowed out. BlackRock’s iShares Bitcoin Trust, known by its ticker IBIT, did a lot of the heavy lifting. The fund alone pulled in $292 million during a single week, accounting for a dominant share of the overall inflows. Weekly inflows for the period ending July 10 came in at $197 million, building momentum that carried through the rest of the month. Bitcoin’s quiet outperformance Bitcoin spent July trading in a range between $58,000 and $65,000, ultimately closing the month up approximately 8%. That’s the strongest monthly gain since April ...