U.S. spot Bitcoin ETFs have firmly confirmed a trend reversal, showing inflows for the second consecutive week. For the reporting period from July 13 to 17, the total net inflow amounted to $75.67 million, confirming a shift in sentiment after a prolonged phase of outflows.
The turning point emerged a week earlier — from July 6 to 10, the funds turned positive for the first time in a long while, attracting $197.4 million. Now the positive momentum has continued, indicating the return of institutional interest in the primary crypto asset.
Daily Dynamics: One Day of Loss, Four Days of Gains
Before the reversal, the market experienced a prolonged correction: for eight consecutive weeks, investors withdrew funds from Bitcoin ETFs, with weekly outflow amounts sometimes exceeding $1.5 billion. However, the picture has changed dramatically over the past two weeks.
Last week's dynamics were uneven. The only day with a negative result was July 13, when funds recorded an outflow of $424.66 million. But the flow reversed the very next day: on July 14, the inflow amounted to $181.08 million, and on July 15 — another $107.8 million.
Positive dynamics persisted 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 over these days more than offset the single day of outflows, securing a second consecutive weekly gain. The total net inflow into spot Bitcoin ETFs since their launch has reached $51.35 billion.
Ether Outpaces Bitcoin, XRP in Positive Territory, HYPE in the Red
The inflow of funds affected not only Bitcoin. Spot Ethereum ETFs showed even more impressive dynamics, attracting $105.44 million over the week, surpassing Bitcoin funds in volume. This signals growing interest in altcoins and diversification of institutional portfolios.
Funds for XRP also attracted notable interest, bringing in $6.78 million. The inflow into Solana ETFs was more modest — about $948,210 over the same period.
However, not all assets remained in positive territory. Funds for the HYPE token recorded an outflow of $7.26 million during the reporting week. For other cryptocurrency products, fund flows were zero.
My professional commentary: Sustained inflows into Bitcoin ETFs for two consecutive weeks are not just a short-term spike but a marker of a market cycle shift. Institutional money is returning, and this is confirmed not only by Bitcoin but also by growing interest in Ethereum and XRP. However, the outflow from HYPE reminds us that the market is still selective: capital flows into the most liquid and proven assets. If the trend continues, we could see a new impetus for the entire crypto market in the coming weeks.