Bitcoin ETFs spent most of July bleeding. Net outflows hit $265.4 million in the final session of the month on July 31, a brutal close to a period that saw the category lose billions in cumul
Bitcoin ETFs spent most of July bleeding. Net outflows hit $265.4 million in the final session of the month on July 31, a brutal close to a period that saw the category lose billions in cumulative inflows. Then August arrived.
Over the first three trading days of August, U.S. spot Bitcoin ETFs pulled in $626 million in net inflows, according to SoSoValue and Farside Investors data.
The three-day total represents the most sustained inflow momentum the category has seen since late July, and it arrived at a moment when the Fear and Greed Index was still sitting at 25, deep in extreme fear territory.
August 3 brought $170.1 million across seven funds, no ETF recorded an outflow. BlackRock's IBIT led with $111.4 million, Fidelity's FBTC followed with $33.4 million, and Franklin Templeton's EZBC added $9.2 million.
August 4 extended the streak with $211.49 million. IBIT led again with $170.35 million, more than 80% of the daily total.
Fidelity's FBTC added $19.58 million, ARK 21Shares' ARKB contributed $9.17 million, Bitwise's BITB attracted $8.72 million, and Morgan Stanley's MSBT added $3.68 million.
August 5 was the strongest session of the three. Total inflows reached $244.4 million, the best single day since late July. BlackRock's IBIT accounted for $196.83 million, with offsetting outflows from smaller funds bringing the net figure to $244.4 million.
IBIT's three-day haul alone came to $479 million, lifting its cumulative net inflows to nearly $61 billion according to Farside Investors.
Bitcoin ETFs attracted $381.6 million in net inflows during the first two trading days of August, already surpassing the $172.43 million recorded over all of July. By the third trading day, cumulative inflows had climbed to $626 million.
Whether this marks a genuine reversal or a brief technical bounce is the question the market cannot answer yet.
The Fear and Greed Index has not moved. Bitcoin itself is trading at approximately $64,744, up 0.7% over 24 hours but still well below the $70,920 resistance level.
The money came back. Whether it stays is August's defining question.
Related: Bitcoin has never broken this line in 15 years, it is on it right now
