U.S. spot Bitcoin ETFs completed their second consecutive week with net capital inflows. From July 13 to 17, the funds attracted $75.67 million, firmly cementing a shift in sentiment after a prolonged eight-week outflow phase.
The turning point emerged a week earlier: from July 6 to 10, ETFs turned positive for the first time in a long while, accumulating $197.4 million. The current week confirmed the sustainability of this trend, although daily figures were uneven.
Daily Dynamics: One Negative Day Amid Steady Growth
The only negative day occurred on July 13, when funds recorded outflows of $424.66 million. However, the flow reversed the very next day: on July 14, inflows totaled $181.08 million, and on July 15, another $107.8 million. Positive momentum persisted toward the end of the week: on July 16, funds attracted $79.15 million, and on July 17, $132.3 million.
As a result, the total net inflow over these days more than offset the single negative day, securing the second consecutive weekly positive trend. The cumulative net inflow into Bitcoin ETFs since launch has reached $51.35 billion.
Ether Outpaces Bitcoin: What's Happening in the ETF Market
Notably, inflows were not limited to Bitcoin. Spot Ethereum ETFs attracted $105.44 million over the reporting week, surpassing Bitcoin funds in volume. This indicates growing institutional investor interest in alternative assets, especially amid expectations for the Ethereum network upgrade.
XRP funds also saw notable inflows of $6.78 million, while Solana ETFs recorded modest inflows of $948,210. At the same time, products tied to the HYPE token faced outflows of $7.26 million, and other cryptocurrency ETFs showed zero movement.
My commentary: A second week of inflows is not just a statistic—it's a signal that institutional investors are beginning to view current prices as an accumulation zone. Particularly telling is the rising interest in Ethereum ETFs, which may indicate a capital shift from "digital gold" to more technologically advanced assets. If this trend continues, we will see further market consolidation and preparation for a new rally.