Spot Bitcoin ETFs recorded inflows of $172.4 million in July, marking a positive turn after significant withdrawals in the previous two months. However, despite this July recovery, these funds remain $5.3 billion negative year to date, according to CoinTelegraph.
The heavy outflows in May and June have continued to weigh on the overall performance of Spot Bitcoin ETFs throughout 2023. July’s inflows suggest some renewed investor interest but have yet to offset the earlier losses.
For Japanese investors, who have shown growing appetite for diversified crypto exposure, these trends highlight the volatility and evolving sentiment in Bitcoin-related investment products amid global market fluctuations.