Crypto news

Spot bitcoin ETFs in the US are confidently solidifying a positive trend. Over the past week, the funds attracted $75.67 million, marking the second consecutive week of net inflows. This is a significant event after a prolonged period of outflows that lasted eight weeks.

The turning point emerged a week earlier — from July 6 to 10, the funds turned positive for the first time in a long while, gaining $197.4 million. From July 13 to 17, inflows continued, although the daily dynamics were uneven.

Daily picture: one day of outflow amid overall growth

The only negative for the reporting week was July 13, when funds recorded an outflow of $424.66 million. However, the very next day, July 14, inflows amounted to $181.08 million, and on July 15 — another $107.8 million. The positive dynamics persisted at the end of the week: July 16 — $79.15 million, July 17 — $132.3 million.

As a result, the total net inflow over these days more than offset the single outflow. The total assets under management in spot bitcoin ETFs reached $51.35 billion.

Ether surpasses bitcoin in inflows

Interestingly, inflows were not limited to bitcoin. Spot Ethereum ETFs attracted $105.44 million over the week, outpacing bitcoin funds in terms of volume. This indicates growing institutional investor interest in alternative assets.

XRP funds also showed positive dynamics, attracting $6.78 million. Inflows into Solana ETFs were more modest — about $948,210. Meanwhile, funds for the HYPE token recorded an outflow of $7.26 million. Other crypto products showed zero flows.

My analysis: Sustained inflows into bitcoin ETFs after a long period of outflows are a strong bullish signal. Particularly telling is that ether funds are outpacing bitcoin in inflows: this could indicate a capital shift in anticipation of updates to the Ethereum network and growing interest in the DeFi sector. If the trend continues, we may see a new wave of institutional demand for cryptocurrencies.