Analyzing The Bitcoin ETF Net Flow for July

The Bitcoin ETF had its share in the market crash at the beginning of the month to today’s recovery. The exchange-traded fund (ETFs ) is the new trend among investors, especially with more and more options joining the market. The Bitcoin ETF approval did take years of discussion before the approval at the beginning of the year. However, it was worth it after the demand peaked right after its launch.

It has been six months since month since the BTC ETF launch, and Ethereum and Solana ETFs are already in process, and many will follow soon. In addition, it has opened the doors for trading without complexities while making it easy for others to join. 

Bitcoin ETF Net Flows Wild Ride

June has been the craziest of all the months, especially because of the last week. During these seven days, the net flow was not only in loss, but the quantity of the loss was panicking, and many questioned the future.

However, with the beginning of July, things were changing. In the first two days, the Bitcoin ETF Net flow was quite low at $21 M and $12M. However, things moved progressively on the third and fourth day, where the net was around $73M and $129M.

But things went down as the outflows were higher, and the net was -$14M on the 5th and -$21M on the 6th. This was the time around the crypto market crash as the German government was selling their seized Bitcoin, and at the same time, Mt. Gox began the transfers of the decade-long hacked tokens.

These two days have been hard on the investors, as the crypto market and the ETFs struggled quite a lot. Then, the selling pressure decreased, and the inflow rate surged in the Bitcoin Exchange-traded fund, leading to high net flows till now.

Starting with $143M in net flows on the 8th and progressing to $295M and $216M on the 8th and 9th, was the much-needed boost. The next three days have also been the same, making the best week inflows in months. More importantly, the BTC ETFs touched an all-time high inflow record.

Bitcoin ETF Inflows Peaked To Month’s  High

After the 9th, the net inflow rate had slowed, as there was only $147.35 Million on the 10th, followed by $78.93 on the 11th. But impressively, on June 12, the market had the highest inflows per Spotonchain data, where the net went past the $310 Million mark, making it the all-time high record after May thanks to six days of continuous inflows.

The majority of these inflows were on the BlackRock ETF (IBIT), whooping a total of $120 Million, followed by Fieldy ETF (FBTC), which has $115 million inflows. Lastly, the Grayscale RTF GBTC witnessed a net flow of $23.0081.

🚨 $BTC #ETF Net Inflow July 12, 2024: +$310M!

• This trading week saw a total inflow of $1.05B and no day with an outflow 🎉.

• The $310M inflow yesterday was also the highest in the past 25 trading days.

• #BlackRock (IBIT) led the leaderboard with a $120M inflow,… pic.twitter.com/WKplbLK1MO

— Spot On Chain (@spotonchain) July 13, 2024

Officially, this week was the best performing, where a net inflow was $1.05B, with no single day of net outflows.

Final Thoughts

With a rollercoaster in the Bitcoin ETF’s charts, the BTC price chart had the same experience. This month, Bitcoin price dropped from $633,599 on July 1 to a low of $53,905 on July 5, the day ETF net flow turned negative. And now the inflow has surged significantly, so the same is expected for the token price, but for now, it is trading at $58,059.63.

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