Bitcoin ETFs Hit Record Low $205M Inflows While Ether Surges 11% Against BTC
Key Takeaways
Bitcoin spot ETFs recorded a historic low of $205 million in July net inflows, contrasting with stronger performance for Ether and XRP funds. Meanwhile, technical indicators suggest a major price breakout may be imminent following a prolonged period of lo
Woofun AI reports that despite analyst narratives citing multiday inflows into U.S.-listed crypto exchange-traded funds as proof of returning institutional demand, the broader data reveals a starkly different reality for Bitcoin spot ETFs, which posted record-low July figures.
The institutional appetite for Bitcoin remains constrained, with net inflows totaling just $205 million for July, marking the lowest monthly total on record even with two trading days remaining. This anemic recovery stands in sharp contrast to the heavy outflows of prior months, where $2.43 billion exited in May and $4.52 billion fled in June, highlighting a persistent drain of capital from the flagship digital asset funds.
Per Woofun AI, alternative assets demonstrated superior relative strength, with ETH ETFs attracting $342.85 million in July, nearly matching April’s performance and outpacing Bitcoin. XRP funds are on track for a fourth consecutive month of inflows, albeit at a modest $13.61 million, while Solana ETFs recorded $13.82 million; notably, the Binance-listed ether-bitcoin pair surged 11% this month, reflecting Ether’s outperformance against its larger counterpart.
Market sentiment remained muted following the Fed’s hawkish hold, with Marex analysts noting that the 200-week level near $63,300 acts as a critical referee for price direction. A hold above this level suggests strength, whereas a drop below $62.5k could expose bears to a $60k liquidation target, with volatility expected to rise upon the release of U.S. core PCE inflation and GDP data, as covered in Crypto Markets Today.
Technical structures indicate a potential breakout is brewing, as BTC’s daily candlestick chart shows Bollinger Bands tightening to their narrowest point since January. These bands, positioned two standard deviations from the 20-day simple moving average, have compressed like a spring, signaling that the prolonged squeeze is likely to end with a sharp, high-magnitude price move in either direction.
Comments
No comments yet.