Bitcoin ETFs recorded a second consecutive week of inflows: a reversal after eight weeks of outflows.
Spot Bitcoin ETFs in the US continue to show a confident recovery. Over the past week, from July 13 to 17, these funds attracted $75.67 million, solidifying a positive trend for the second consecutive week. This is a significant event, considering it was preceded by a prolonged eight-week streak of outflows.
How the flow dynamics changed
The turning point emerged the week before, when from July 6 to 10, the funds turned positive for the first time in a long while, recording an inflow of $197.4 million. The trend continued last week, albeit with less impressive overall figures.
An analysis of daily flows reveals an interesting picture. The only negative day was recorded on July 13, with an outflow of $424.66 million. However, the very next day, July 14, the market reversed: inflows reached $181.08 million. On July 15, the funds attracted another $107.8 million. The positive momentum persisted through the end of the week: July 16 saw $79.15 million, and July 17 brought $132.3 million. The single day of outflows was more than offset by subsequent inflows.
The total net inflow into spot Bitcoin ETFs since their launch has now reached $51.35 billion. This indicates that institutional interest in Bitcoin is not just recovering but gaining momentum.
Ether overtakes Bitcoin: what's happening in the ETF market
Notably, the inflow of funds was not limited to Bitcoin funds. Spot Ethereum ETFs showed even more impressive results, attracting $105.44 million over the week, surpassing the figures for their Bitcoin counterparts. This could signal a shift in priorities among investors, who are increasingly diversifying their portfolios towards altcoins.
Among other assets, XRP funds stood out, attracting $6.78 million. Demand for Solana ETFs was more modest, at around $948,210. However, not all assets were in positive territory: funds for the HYPE token recorded an outflow of $7.26 million. Other cryptocurrency products showed zero dynamics.
My expert conclusion: A second consecutive week of inflows is not just a coincidence but a clear signal of a shift in market sentiment. Investors are likely viewing current prices as an attractive entry point after a prolonged correction. Particularly noteworthy is the leading growth of Ethereum ETFs, which may point to expectations of a hard fork or other fundamental network upgrades. In the coming weeks, it is worth closely monitoring the dynamics—if the trend solidifies, we could see a new wave of rallies.