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Spot Bitcoin ETFs ($BTC) posted $172.4 million in net inflows for July, closing the month in the green despite late-month selling that trimmed the final tally.
The monthly positive print is the first clean read after two months of heavy redemptions in May and June.
The category still carries a $5.3 billion year-to-date deficit going into August, which is the number that will define the flow narrative until it starts to move.
July's $172.4 million against a $5.3 billion hole At $172.4 million, July's net inflows are a positive number. The cumulative picture for spot Bitcoin ETFs, however, sits $5.3 billion in the red year to date.
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