U.S. spot Bitcoin ETFs are showing a confident recovery: inflows have been recorded for the second consecutive week. From July 13 to 17, the funds attracted $75.67 million, finally cementing a shift in sentiment after a prolonged eight-week period of outflows.
The reversal began the previous week. From July 6 to 10, ETFs turned positive for the first time in a long while, receiving $197.4 million. The current week confirmed the sustainability of this trend, despite uneven daily dynamics.
Daily Picture: One Negative Day Amid Confident Growth
The only negative day was July 13, when funds recorded an outflow of $424.66 million. However, the flow reversed the very next day: on July 14, inflows amounted to $181.08 million, and on July 15, another $107.8 million. Positive momentum continued at 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 for the week more than offset the single day of outflows. The cumulative volume of funds since launch has reached $51.35 billion. This is an important signal: institutional investors are once again showing interest in Bitcoin as an asset, despite the recent correction.
Ether Outpaces Bitcoin: What's Happening in the ETF Market?
Notably, inflows were not limited to Bitcoin products. Spot Ethereum ETFs attracted $105.44 million over the week, even exceeding the figure for Bitcoin funds. This indicates a redistribution of capital within the cryptocurrency sector: investors are beginning to diversify more actively, betting on first-tier altcoins.
XRP funds also drew notable interest, attracting $6.78 million. Inflows into Solana ETFs were more modest — around $948,000 over the same period. At the same time, not all assets remained in positive territory: funds for the HYPE token recorded an outflow of $7.26 million, while flows for other products were zero.
My analysis: We are witnessing a classic scenario of institutional capital returning after a period of "bearish" consolidation. The growing interest in Ethereum ETFs is particularly telling — it could be a precursor to a broader rally in altcoins. In the coming weeks, we should expect increased competition between BTC and ETH for liquidity, which will ultimately be positive for the entire market.