Bitcoin Spot ETFs Record $500M Inflows Over Past Three Sessions, Swissblock Says Selling Pressure Easing

BTC-2.46%
According to crypto investment firm Swissblock, Bitcoin spot exchange-traded funds (ETFs) recorded more than $500 million in combined net inflows over the past three trading sessions, suggesting institutional selling pressure is weakening. This marks a shift after an extended period of heavy outflows: beginning June 17, the funds experienced ten consecutive trading days of net outflows totaling approximately $2.7 billion. While Swissblock believes the worst of the ETF distribution wave may have passed and Bitcoin's risk profile has eased, the firm cautioned that institutional conviction has not yet fully returned. CryptoQuant data shows spot market demand remains negative, indicating investors are still approaching the market cautiously despite improving futures demand.
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