Spot Bitcoin ETFs in the US have shown a steady inflow of funds for the second consecutive week. Over the past week, the funds attracted $75.67 million, finally cementing a reversal after a prolonged eight-week streak of outflows.
The turning point emerged a week earlier: from July 6 to July 10, the funds turned positive for the first time in a long while, gaining $197.4 million. From July 13 to July 17, the positive trend continued, albeit with less impressive but stable figures.
Flow Dynamics: Day by Day
The week started on a negative note: on July 13, the funds recorded an outflow of $424.66 million — the only negative day in the entire period. However, the very next day, July 14, the market recovered the loss, attracting $181.08 million. On July 15, the inflow was $107.8 million, on July 16 — $79.15 million, and the week ended on July 17 with an inflow of $132.3 million.
As a result, the total net inflow over these days more than offset the single outflow, securing a second consecutive week in the green. The total net inflow into the funds since their launch has reached $51.35 billion.
Ether Outpaces Bitcoin
The inflow was not limited to Bitcoin. Spot Ethereum ETFs attracted $105.44 million over the week, even surpassing the Bitcoin fund figures. This signals growing institutional interest in alternative assets.
XRP funds also saw a notable inflow of $6.78 million, while Solana ETFs attracted a more modest $948,210. However, not all assets stayed in positive territory: HYPE token funds recorded an outflow of $7.26 million. Other crypto products showed zero flows.
My comment: The trend reversal after eight weeks of outflows is a powerful bullish signal. It is particularly telling that Ethereum ETFs outperformed Bitcoin funds, indicating a diversification of institutional demand. However, the single large outflow on July 13 serves as a reminder that the market remains volatile, and consolidation is not yet complete.