BTC spot ETFs posted a modest $58.7M net inflow on Aug 3 after a $265.4M outflow on Jul 31. CoinDesk said the weakness reflects stalled participation rather than forced selling, with CME open interest back at 2023 levels and Strategy idle on purchases for a fifth straight week.
Matters because: The choppy flow pattern suggests institutional demand has cooled, which may limit near-term upside unless inflows turn consistently positive again.