U.S.-listed spot bitcoin exchange-traded funds have taken in only $205 million in net inflows so far in July, leaving the group on track for the smallest monthly inflow total on record, according to SoSoValue data cited in CoinDesk’s July 30 Daybook. Two trading days remain in the month, but the rebound still looks weak when set against the scale of recent redemptions.
Bitcoin ETF recovery remains limited
CoinDesk said analysts have repeatedly pointed to multi-day inflow streaks in U.S.-listed crypto ETFs this month as a sign that institutional demand is returning. A wider view tells a less encouraging story.
Bitcoin spot ETFs have added just $205 million in net inflows in July. That is a thin recovery after heavy outflows in prior months: $2.43 billion left in May and $4.52 billion in June.
Ether funds are doing better than bitcoin funds
Ether has posted firmer numbers. ETH ETFs have attracted $342.85 million in July, almost as much as in April and ahead of bitcoin and other crypto funds.
XRP is set for a fourth consecutive month of inflows, although the total remains small at $13.61 million. Solana ETFs have brought in $13.82 million.
Taken together, the figures suggest institutional appetite is still limited. CoinDesk added that ether’s stronger intake matches its relative price performance against bitcoin. The ETH/BTC pair listed on Binance has climbed 11% this month.
BTC and ETH stay rangebound after the Fed decision
Over the past 24 hours, neither bitcoin nor ether has made a decisive move, even after the Federal Reserve delivered what some analysts described as a hawkish hold, a backdrop that might have supported a decline.
Marex analysts said, “On the board, the 200-week near $63,300 is the referee, hold it and today’s flatness reads as strength, lose $62.5k and the bears get their $60k liquidation target.”
Core PCE and GDP are next on the calendar
CoinDesk said volatility could increase later in the day when U.S. core PCE inflation and GDP data are released.
Other items highlighted in CoinDesk’s Daybook
- CoinDesk reported that senators are preparing to send stricter ethics rules covering Trump’s crypto ventures to the White House. Sources said the bipartisan Senate pair revising the Trump-approved ethics section of the Digital Asset Market Clarity Act draft believe they now have language that could win enough votes.
- Reuters reported that the U.S. carried out fresh strikes in Iran on Wednesday, while Iran threatened further escalation as the five-month-old war spread across more countries. Oil prices posted their sharpest jump in five months.
- CNBC reported that the Treasury sell-off continued after a divided Fed kept rates unchanged, with the 30-year Treasury yield rising to its highest level since July 2007.
- CoinDesk also highlighted an analysis arguing that derivatives, especially perpetual futures, often lead price discovery in bitcoin and ether markets, with market microstructure research frequently pointing to derivatives venues as the first place new information shows up in price.
Bollinger Bands show a compressed BTC range
The chart referenced in the piece shows BTC’s daily price swings in candlestick form with Bollinger Bands overlaid. The bands sit two standard deviations above and below the 20-day simple moving average of a cryptocurrency’s spot price.
Those bands usually tighten when an asset trades in a narrow range for an extended period. CoinDesk said that is what is happening now, with the bands at their tightest level at least since January.
A prolonged tightening phase, often called a squeeze, is often followed by a strong move. The article compared it to a compressed spring that stores energy until it releases, sending price sharply higher or lower. In plain terms, a large move may be forming.
Other related stories listed on the page
- South Korea plans to tax crypto gains above $1,740 as the political fight moves to parliament.
- Crypto’s resilience is being tested as oil rises after the Iran strikes and the Fed signals rates could still go higher.
- BitRiver’s founder has been charged in Russia with $12.5 million fraud.
- Crypto exchange Luno is cutting 20% of its staff as it pushes automation and retail trading weakens.
- Bitcoin is holding near $64,000 as Microsoft’s AI payoff lifts stocks, according to the live updates item.
- Bitcoin and ether markets are ruled by perps, and SpaceX showed how far that influence can go.
- A whipsaw in bitcoin and ether wiped out $286 million in leveraged bets.
- Bitcoin analysts agree the Fed’s pause was hawkish, but they are split on what happens next.
- Ether and XRP were flat as chip stocks steadied after Samsung’s 250-fold profit surge.
- Bitcoin’s quantum plan assumes some algorithms break, and AI weakened one of them in 60 hours.
Anvil mention at the end of the page
The page also mentioned Anvil, describing it as a shared on-chain collateral layer built on a programmable letter of credit, using reserve assets as a guarantee with no loan, no interest, while users keep custody and yield.