The spot Bitcoin ETF market in the US is showing a confident recovery: the second consecutive week ended with net inflows. From July 13 to 17, the funds attracted $75.67 million, solidifying a trend reversal after a prolonged period of outflows.
The turning point emerged a week earlier. From July 6 to 10, spot Bitcoin ETFs turned positive for the first time in a long while, recording inflows of $197.4 million. The current week confirmed the sustainability of this trend, although daily dynamics were uneven.
Daily Dynamics: One Day of Outflows Amid Overall Growth
Before the reversal, investors had been withdrawing funds from Bitcoin ETFs for eight consecutive weeks, with outflow amounts sometimes exceeding $1.5 billion per week. Last week, the picture changed. The only day with a negative result was July 13, when funds recorded outflows of $424.66 million. However, the flow reversed the very next day: on July 14, inflows reached $181.08 million, and on July 15, another $107.8 million.
Positive dynamics 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, inflows over these days more than offset the single outflow, securing a second consecutive weekly gain. The total net inflow into the funds since their launch has reached $51.35 billion.
Ether Outpaces Bitcoin: Ethereum ETFs Show Record Inflows
The inflows were not limited to Bitcoin. Spot Ethereum ETFs attracted $105.44 million over the past week, even exceeding the amount flowing into Bitcoin funds. This indicates growing institutional investor interest in alternative crypto assets. XRP-based funds also ended in positive territory, attracting $6.78 million. Inflows into Solana ETFs were more modest, at around $948,210 over the same period.
However, not all assets stayed in the green. Funds based on the HYPE token recorded outflows of $7.26 million. For other cryptocurrency-based products, fund flows were zero.
My analysis: Sustained inflows into Bitcoin ETFs for a second consecutive week are not just a correction after outflows but a signal of returning institutional interest. Particularly telling is the growing interest in Ethereum ETFs, which may indicate a redistribution of capital within the crypto sector. If this trend continues, we could see a new wave of growth in the digital asset market in the coming weeks.