Bitcoin ETF Weekly Inflows Drop 83% to $33.8M Amid Cautious Institutional Demand

US Spot Bitcoin ETFs recorded $33.8M net inflows, a sharp decline from prior weeks, as BlackRock faced heavy outflows and institutional caution persists despite a three-week positive streak.

Woofun AI data shows that US Spot Bitcoin ETFs registered net inflows of $33.79 million for the week ending July 24th, marking the third consecutive week of positive flows since early May. This figure represents a significant deceleration compared to the $197 million and $75.67 million inflows observed in the preceding two weeks. The momentum was interrupted by substantial outflows on July 23rd and July 24th, totaling approximately $225.2 million and $240.1 million respectively, which ended a seven-day inflow streak. BlackRock products experienced the most significant capital withdrawal, with around $415 million flowing out during this period.

Bitcoin prices briefly exceeded $66,500 earlier in the week before retreating below $64,000 by the weekend, influenced by investor profit-taking and weakness in US tech stocks. The Nasdaq 100 index declined due to pressure on chip stocks, further weighing on risk assets. While institutional interest has resumed following the outflows seen in May and June, market participants remain cautious, with demand levels notably lower than those observed during peak bull market conditions.