Spot Bitcoin ETFs in the US recorded net inflows for the second consecutive week, confirming a shift in market sentiment after a prolonged period of outflows. During the week of July 13 to 17, the funds attracted $75.67 million, solidifying the reversal that began the previous week.
Reversal after eight weeks of outflows
Prior to this, the market experienced significant pressure: for eight consecutive weeks, investors withdrew capital from Bitcoin ETFs, with outflow amounts sometimes exceeding $1.5 billion per week. However, the situation changed in the first half of July: from July 6 to 10, the funds showed inflows of $197.4 million for the first time in a long while. The second week confirmed this trend, albeit with less intensity.
Within the week, mixed dynamics were observed. The only day with outflows occurred on July 13, when the funds lost $424.66 million. However, on July 14, inflows amounted to $181.08 million, on July 15 — $107.8 million, on July 16 — $79.15 million, and on July 17 — $132.3 million. As a result, the total net inflow for the week offset the losses, and the total amount of funds raised since launch reached $51.35 billion.
Ethereum ETFs take the lead
Notably, the inflow affected not only Bitcoin. Spot Ethereum ETFs attracted $105.44 million over the same week, surpassing Bitcoin funds in terms of capital volume. This indicates growing institutional interest in altcoins, especially amid expectations for the approval of spot ETFs on ETH.
XRP-based funds also showed positive dynamics, attracting $6.78 million over the week. The results for Solana ETFs were more modest — approximately $948,210. However, not all assets remained in positive territory: funds based on the HYPE token recorded outflows of $7.26 million. Other cryptocurrency products showed zero flows.
Expert opinion
The recovery of inflows into Bitcoin ETFs is a positive signal, but its weak intensity ($75.67 million versus $197.4 million the previous week) suggests that the market is not yet ready for aggressive position building. The higher inflow into Ethereum ETFs may be linked to expectations of regulatory decisions, making ETH temporarily more attractive for speculative capital. However, for a sustained bullish trend, more convincing macroeconomic triggers are needed, such as a Fed rate cut or positive regulatory news.