The US spot Bitcoin ETF market has finally seen a long-awaited capital inflow. For the week of July 6 to July 10, total net inflows into these instruments reached $197.4 million, ending a prolonged period of outflows that had lasted eight consecutive weeks.
This event marks a significant trend reversal. The previous negative streak, which began in mid-May, led to total outflows of approximately $8.26 billion. The heaviest weeks were June 22 to June 26 (outflows of $1.79 billion) and June 1 to June 5 (outflows of $1.72 billion).
Signs of a Sentiment Shift
Notably, the return of capital occurred against a backdrop of relatively subdued Bitcoin price dynamics. By the close of trading on July 10, the asset was trading near the $63,917 mark, significantly below the local highs seen in the spring. The total net assets of the funds stood at $77.42 billion, also far from the peak values recorded earlier this year.
The inflow volume of $197 million itself is modest compared to the scale of the preceding losses. However, the very fact of a reversal in the direction of capital flow is an extremely positive signal. It indicates that bearish sentiment among institutional investors is likely beginning to wane, giving way to cautious optimism.
Ether Catches Up to the Leader
The picture for other cryptocurrency ETFs over the same week was mixed but generally encouraging. After Bitcoin, Ethereum was the absolute leader: ETH ETFs attracted $84.42 million. This confirms sustained institutional interest in "first-tier" assets.
Inflows into other altcoin funds were significantly more modest: Solana received $930,000, Chainlink (LINK) — $639,000, HBAR — $1.01 million, and Hyperliquid (HYPE) — $10.36 million. At the same time, some funds recorded outflows: XRP lost $7,180, and Litecoin (LTC) — $429,940.
Thus, the bulk of capital continues to concentrate in the two largest digital assets. Nevertheless, the overall positive tone of the week — with most tracked crypto ETFs showing inflows — indicates a gradual recovery in risk appetite.
My comment as an analyst: The weekly inflow into Bitcoin ETFs is not just a statistical anomaly but a potential signal of a shift in the market cycle phase. If this trend holds next week, we can speak with a high degree of confidence about the end of the correction phase and the start of a new rally, supported by institutional demand.