Bitcoin ETF Flows Turn Positive in July — Market Talk

A streak of monthly outflows seen in bitcoin ETFs was broken in July, according to data from 21shares. The firm reports that in July bitcoin ETFs saw a net inflow of roughly $400 million. This comes after two straight negative months for ETFs, with $4.56 billion in net outflows in June, says 21shares. The firm says that the return of capital to bitcoin ETFs may be a factor that pushes bitcoin prices up in August. "Bitcoin is knocking on a key resistance level, $66,000, which it hasn't broken in 50 days," says the firm. Bitcoin is up 0.3% to $63,981. ([email protected])