Bitcoin ETFs draw $197M, snap 8-week outflow streak
Bitcoin ETFs recorded $197.4 million in inflows last week, ending an eight-week outflow streak as institutional demand shows tentative recovery signs. BlackRock's iShares Bitcoin Trust led gains despite broader market skepticism. Ether ETFs also broke their losing streak with $84.42 million inflows. However, analysts caution the recovery remains modest compared to $8.26 billion withdrawn since May, warning headwinds persist ahead.
Key takeaways
- 1Bitcoin ETFs recorded $197.4 million inflows last week, ending an 8-week outflow streak that began in May.
- 2BlackRock's iShares Bitcoin Trust led with $291.9 million inflows, though recovery remains modest versus $8.26 billion withdrawn since May 11.
- 3Ether ETFs also broke their 8-week losing streak with $84.42 million inflows, but analysts warn headwinds persist ahead.
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Why it matters
For Indian retail investors, this signals tentative institutional recovery in global crypto markets after sustained selling pressure, suggesting potential stabilization. However, analysts caution the trend remains fragile, with seasonal headwinds and further downside risks possible before a confirmed bottom.
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