US spot Bitcoin ETFs recorded their first weekly net inflow of $197 million, ending an eight-week streak of net redemptions totaling more than $8 billion, according to data from SoSoValue.
The inflows arrived across 13 Bitcoin ETF products during the week ending July 10. Daily flows were volatile: Monday brought $265 million in inflows, followed by $21.4 million on Tuesday. Wednesday and Thursday saw outflows of $84.8 million and $95 million respectively, before Friday closed the week with $90.4 million in inflows.
Ethereum ETFs also ended an eight-week redemption streak, recording $84.42 million in net inflows for the same period.
Analyst Caution on Trend Reversal
Swissblock, a digital asset market intelligence firm, framed the shift as significant. “The most overwhelming ETF distribution wave of this bear market has ended. As Bitcoin Risk continues easing from Capitulation Risk, Spot ETF flows have turned slightly positive again,” Swissblock stated.
But analysts cautioned that one positive week does not confirm sustained institutional return. Ecoinometrics, a digital asset analysis firm, emphasized the distinction between temporary flows and structural recovery. “For us, the important signal isn’t whether ETF flows turn positive for a day or two. It’s whether they remain positive long enough to reverse the broader trend in cumulative holdings,” Ecoinometrics said.
The inflow week coincided with Bitcoin price movement. The asset appreciated 3% during the period and passed the $64,000 threshold. Market observers eyed $65,000 as the next major price level.
Accumulation Remains Weak
Despite the positive weekly inflow, current accumulation in Bitcoin ETFs remains weak and lacks robust institutional conviction, according to the data. Bitcoin’s price stabilization near $64,000 appears to be outpacing recovery in actual investor demand.
For the reversal to signal a genuine shift in institutional sentiment, Bitcoin ETFs will need several more weeks of consistent inflows to demonstrate that investors are rebuilding exposure rather than simply pausing their retreat from crypto assets.
The next major price challenge is expected on July 14.
