The IBIT fund recorded its largest outflow since May with 292.5 million USD, coinciding with Bitcoin’s price recovery after falling to 112,300 USD over the weekend. Despite this, the fund experienced a substantial net inflow of 5.2 billion USD in July, demonstrating resilience.
Recent data shows a trend of outflows across various US Bitcoin ETFs, signaling potential concerns among investors. However, despite these outflows, the digital asset market for institutional investments has displayed strength, with alternatives like hedge funds gaining traction.
Leave a Reply