The U.S. spot Bitcoin ETF market is showing a confident recovery. In the past week, from July 13 to 17, the funds attracted $75.67 million in net inflows. This result solidified the positive trend that began the previous week, when investors returned to buying for the first time in a long while, pouring $197.4 million into the instruments.
It is worth recalling that this was preceded by a prolonged period of outflows lasting eight consecutive weeks. During some of those weeks, fund losses exceeded $1.5 billion. However, the trend reversal has proven to be sustainable.
Daily Dynamics: One Negative Day Amid Confident Growth
The past week was not uniform, but the overall direction remained positive. The only day with a negative result occurred on July 13, when funds recorded an outflow of $424.66 million.
However, the very next day, July 14, the market reversed: inflows amounted to $181.08 million. On July 15, another $107.8 million flowed into the funds. By the end of the week, the dynamics remained positive: July 16 — $79.15 million, and July 17 — $132.3 million. Thus, the cumulative inflow over these days more than offset the single outflow, securing a second consecutive week with a positive balance. As of now, the total net inflow into spot Bitcoin ETFs since their launch has reached $51.35 billion.
Ether Outpaces Bitcoin: A Shift in Leader in Flows?
Interestingly, the inflow of funds affected not only Bitcoin products. Spot Ethereum ETFs attracted $105.44 million over the reporting week, which even exceeds the figures for the flagship asset. This may indicate a shift in preferences among institutional investors, who are beginning to diversify their portfolios in favor of the second-largest cryptocurrency by market capitalization.
XRP funds also showed notable interest, attracting $6.78 million. Solana ETFs had more modest results — around $948,210. At the same time, not all assets were in the black: funds for the HYPE token recorded an outflow of $7.26 million. Other cryptocurrency ETFs showed zero dynamics.
Analyst Comment: The return of inflows into Bitcoin ETFs is a positive signal, but I would not rush to call it the start of a new sustainable rally. Rather, it is a correction after the excessive pessimism of previous weeks. However, the fact that Ethereum ETFs attracted more funds than Bitcoin funds deserves close attention. This could be a sign that institutional money is beginning to seek new entry points, and ether, with its developing DeFi and staking ecosystem, looks like an attractive alternative.