Bitcoin ETF sees $197 million inflow after eight weeks of outflow

American spot Bitcoin ETFs finally book positive figures again. In the week of 6 to 10 July, $197 million flows in net, ending a streak of outflows that lasted no fewer than eight consecutive weeks. Spot Ethereum ETFs and Hyperliquid ETFs also show inflows, while XRP ETFs are the only ones lagging behind with a negative balance.

Bitcoin is available at OKX and Bybit.

End of a long outflow period

According to data from SoSoValue, US spot Bitcoin ETFs recorded a weekly net inflow of $197.40 million. Total assets under management now stand at $77.42 billion. This is a striking reversal after a negative run that lasted two months. The Bitcoin price is currently trading around $63.000, down 1.4% over the past 24 hours.

The return of inflows suggests that institutional investors are once again showing interest in Bitcoin through regulated ETF products. Earlier this week, $90 million had already flowed in, which proved to be a precursor to a broader positive week.

Ethereum and other crypto ETFs follow suit

Alongside Bitcoin, spot Ethereum ETFs also show a positive turn. With $84.42 million in net inflows, Ethereum too breaks an eight-week outflow streak. The Ethereum price may therefore show bullish signals for the period ahead.

The Solana ETF attracted $930.400 in inflows, a modest but positive figure. Hyperliquid ETFs performed significantly better with $10.36 million in inflows. XRP ETFs are the major exception, recording a net outflow of $7.18 million, a standout in an otherwise positive week for the crypto ETF market.

All in all, a broad recovery is emerging among crypto ETFs after a prolonged period of outflows. Whether this marks the start of a structural recovery for the Bitcoin market remains to be seen.