Bitcoin spot ETFs post third straight week of net inflows, but institutional buying stays muted

U.S. spot Bitcoin ETFs posted net inflows for a third straight week for the first time since early May, but institutional demand still has not matched bull-market levels, CoinDesk reported. According to SoSoValue data, net inflows totaled $33.79 million last week, though about $225.2 million and $240.1 million flowed out on July 23 and July 24, respectively, leaving weekly inflows well below the prior two weeks' totals of $197 million and $75.67 million. Crypto analytics firm BRN assessed that the market has recovered in July after large net outflows in May and June, but institutional investors remain cautious.