DeFi Intel

Bitcoin ETFs Notch Second Weekly Inflow, Fueling Hopes of a Crypto Bottom

U.S.-listed spot Bitcoin ETFs saw a second straight week of inflows, totaling $75.7 million for the week ending July 19, following $197.4 million the prior week. This reverses an eight-week outflow of over $8.2 billion. Richard Galvin of DACM called it a sign of bottoming, though analysts caution sustained demand is needed to confirm a shift.

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