Spot Bitcoin ETFs in the US are recording a second consecutive week of net capital inflows. From July 13 to 17, the funds attracted $75.67 million, finally cementing a trend reversal after an eight-week streak of outflows.
The turning point was already evident the previous week: from July 6 to 10, the funds turned positive for the first time in a long while, gathering $197.4 million. Now the positive momentum has continued, and this is a serious signal for the market.
How flows changed day by day
For eight consecutive weeks, investors withdrew funds from Bitcoin ETFs, with outflow amounts sometimes exceeding $1.5 billion per week. However, the past week showed a different picture.
The only day with a negative result was July 13, when the funds recorded an outflow of $424.66 million. But the very next day, the flow reversed: on July 14, inflows amounted to $181.08 million, and on July 15, another $107.8 million.
The positive trend continued at the end of the week: on July 16, the funds attracted $79.15 million, and on July 17, $132.3 million. As a result, the inflows over these days more than offset the single negative day. The total net inflow into the funds since their launch reached $51.35 billion.
What is happening with other ETFs
Interest in cryptocurrency ETFs was not limited to Bitcoin alone. Over the past week, spot Ethereum ETFs attracted $105.44 million, even surpassing the figures for Bitcoin funds.
Notable interest also went to XRP funds, which gathered $6.78 million during the reporting period. Inflows into Solana ETFs were more modest, at around $948,210.
However, not all assets remained in positive territory. Funds based on the HYPE token recorded an outflow of $7.26 million. Other cryptocurrency-based products showed zero flows.
My analysis: The recovery of inflows into Bitcoin ETFs after a prolonged period of outflows is not just a technical correction. It is a signal of the return of institutional interest, especially given that Ethereum ETFs even surpassed Bitcoin funds in terms of attracted capital. The market is clearly reassessing risks, and if this trend continues, we could see a new wave of growth in the coming weeks.