MarketPR
Spot Bitcoin ($BTC) exchange-traded funds recorded $754.69 million in net inflows last week, the strongest weekly print since April, according to SoSoValue data.
The figure marks a continuing reversal from the nearly $5 billion in cumulative outflows that swept through the funds in June, when hedge funds, pensions, and other institutions pulled capital out.
Analysts read the consecutive weekly inflow gains since late July as a signal that institutional demand is cautiously rebuilding.
June's outflow weight still in frame The depth of the June pullback gives context to last week's number.
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