Bitcoin ETFs Post First Monthly Inflow Since April

Spot Bitcoin ETFs posted their first monthly inflow since April, pulling in $172.4 million in net inflows in July, according to SoSoValue. The figure marked a reversal after two straight months of outflows, though flows remained sharply negative year to date at about $5.3 billion. The month’s finish was choppy: the funds logged a $265.4 million net outflow on Friday, their largest daily withdrawal since July 13, after a late-month selloff. Still, positive July results improved sentiment after nearly $7 billion in combined withdrawals over May and June.