After U.S.-based spot Bitcoin exchange traded funds (ETFs) saw their highest inflows since June 4 on Monday (July 22), momentum slowed toward the end of the week.
Farside reported that spot BTC ETFs received a total of $31.1 million on July 25.
While the results are positive, they are well down from the $485.9 million raised on Monday.
Reportedly, only BlackRock’s iShares Bitcoin Trust (IBIT) recorded inflows equivalent to $70.7 million, while almost all other funds recorded neutral performance.
The exception was Greyscale’s GBTC, which again recorded outflows of $39.6 million.
El Salvador’s regular Bitcoin buying activity seems to have stalled, with the latest recorded purchase from the country’s wallet on February 17, according to Arkham Intelligence.
A well-known crypto strategist who has a history of making accurate Bitcoin predictions is confident that BTC will hit a new all-time high in the coming months.
Research from investment firm VanEck suggests that while the U.S. government is debating a potential Bitcoin reserve, 21 states are already moving forward with plans to acquire Bitcoin.
JPMorgan reports that institutional interest in Bitcoin and Ethereum futures is waning, leaving the crypto market in a vulnerable position.