U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their first weekly net inflows in more than two months, raising $197 million across 13 products.
The inflows ended an eight-week period of net redemptions that pulled more than $8 billion from the Bitcoin ETF sector.
Bitcoin prices rose 3% this week, passing the $64,000 threshold as market participants focused on the $65,000 level following new capital inflows.
Bitcoin and Ethereum ETFs record weekly inflows
The week ending July 10 began with $265 million in inflows on Monday, followed by another $21.4 million on Tuesday, according to SoSoValue data.
However, demand briefly reversed midweek, with net outflows of $84.8 million on Wednesday and $95 million on Thursday. The fund then rebounded on Friday, gaining $90.4 million and ending the five-day trading period in positive territory.
Notably, the Spot Ethereum ETF mirrored the trajectory of the Bitcoin ETF, which also broke its eight-week streak of net redemptions.
Ethereum products ended the week with $84.42 million in net inflows, consistent with a broad recovery across crypto investment vehicles.
Improvements in both Bitcoin and ETH products suggest that investors are becoming less aggressive in reducing their crypto exposure.
Digital asset market intelligence firm Swissbloc said:
“The most overwhelming wave of ETF distributions of this bear market is over. Spot ETF flows have turned slightly positive again as Bitcoin risk continues to ease from capitulation risk.”
Demand remains weak
Despite these positive inflows, market analysts warn that this short-term reversal may not be indicative of sustained returns for institutional investors.
Still, the strong week provides limited evidence that broad demand trends have reversed after eight consecutive weeks of redemptions.
Digital asset analysis firm Ecoinometrics noted that Bitcoin’s sustained price near $64,000 is unexpected given the widespread capital flight from the ETF sector.
According to the company, BTC’s current price stability appears to be outpacing the recovery in demand, as several positive flow days have yet to offset the redemptions recorded over the past eight weeks.
He further added:
“The important signal for us is not whether ETF flows are positive for a day or two, but whether they remain positive long enough to reverse the broader trend in cumulative holdings.”
Swissbloc agreed with this view, stating that the current accumulation remains weak and lacks institutional conviction.
With this in mind, recent inflows are more of a slowdown in the sell-off than confirmation of a change in trend.
The Bitcoin ETF may have ended its eight-week losing streak, but the fund needs several more weeks of sustained inflows to show investors are rebuilding their exposure rather than temporarily halting withdrawals.
(Tag translation) Bitcoin
