Spot Bitcoin ETFs in the US are showing a confident recovery trend, recording capital inflows for the second consecutive week. From July 13 to 17, the funds attracted $75.67 million, finally confirming a reversal after a prolonged streak of outflows.
The turning point emerged a week earlier. From July 6 to 10, the instruments turned positive for the first time in a long while, receiving $197.4 million. Last week, the positive dynamics continued, albeit with less impressive figures.
Until then, the market had been experiencing a real "bloodbath": for eight consecutive weeks, investors withdrew funds from Bitcoin ETFs, with outflow amounts sometimes exceeding $1.5 billion per week. The current reversal signals a shift in sentiment among major players.
Daily Dynamics: One Day of Decline
The weekly picture was uneven. The only negative day was recorded on July 13, with an outflow 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 persisted until the end of the week: on July 16, funds attracted $79.15 million, and on July 17, $132.3 million. As a result, the inflows over these days more than offset the single outflow. The total net inflow into the funds since launch has reached $51.35 billion.
Not Just Bitcoin: Ethereum ETFs Outpace
The inflow was not limited to Bitcoin. Spot Ethereum ETFs attracted $105.44 million over the week, surpassing Bitcoin funds in volume. This indicates growing institutional demand for diversification.
Interest also extended to XRP ETFs, which attracted $6.78 million. The inflow into Solana funds was more modest, at around $948,000 over the same period.
However, not all assets remained in positive territory. Funds for the HYPE token recorded an outflow of $7.26 million. For other crypto products, flows were zero.
My analysis: The current reversal is not a coincidence but the start of a new accumulation cycle. Institutional investors, having weathered the "bear" run, are now actively entering the market. Particularly telling is the growing interest in Ethereum, which could become a driver for an altseason. However, the single outflow of $424 million serves as a reminder: the market remains volatile, and full confidence in the trend's sustainability is not yet established.