Spot Bitcoin ETFs in the US have firmly established a positive trend, demonstrating net inflows for the second consecutive week. From July 13 to 17, the funds attracted $75.67 million, finally confirming the end of the long-term bearish scenario.
The reversal began the previous week: from July 6 to 10, the funds turned positive for the first time in a long while, attracting $197.4 million. Now we see a sustained continuation — for the second week in a row, investors are returning capital to the instrument.
Prior to this, the market experienced a prolonged period of outflows lasting eight consecutive weeks. Weekly losses sometimes exceeded $1.5 billion, putting significant pressure on the price of the first cryptocurrency.
Daily Dynamics: One Negative Amid a Confident Positive
Within the reporting week, the picture was uneven but overall optimistic. The only outflow was recorded on July 13 — $424.66 million. However, the flow reversed the very next day: on July 14, the funds attracted $181.08 million, and on July 15, another $107.8 million.
Positive dynamics continued until the end of the week: on July 16, inflows amounted to $79.15 million, and on July 17, $132.3 million. As a result, the total volume of funds raised over these days more than offset the one-time outflow.
The total net inflow into spot Bitcoin ETFs since their launch has reached $51.35 billion — an important psychological milestone confirming institutional interest in the instrument.
Ether Outpaces Bitcoin, XRP in Positive Territory, HYPE in the Red
The inflow of funds affected not only Bitcoin funds. Spot Ethereum ETFs attracted $105.44 million over the week, even exceeding the figure for Bitcoin products. This indicates growing demand for diversification among institutions.
XRP funds also showed positive dynamics, attracting $6.78 million. However, Solana ETFs were more modest — just $948,210 over the same period.
But not all assets were in positive territory. Funds for the HYPE token recorded an outflow of $7.26 million. For other cryptocurrency products, fund flows over the past week were zero.
My analysis: A second consecutive week of inflows is not a coincidence but a signal of a shift in sentiment among major players. After an eight-week outflow, the market has likely reached a local bottom, and institutions are beginning to accumulate positions. The growing interest in Ethereum ETFs is particularly telling, potentially indicating preparation for a new altcoin cycle. However, one should not forget about volatility — a single day of outflow of $424 million reminds us that the market remains sensitive to macroeconomic factors.