Spot Bitcoin ETFs raked in nearly $200 million in net inflows last week, ending eight straight weeks of withdrawals. Bitcoin crossed the $64,000 mark, under the effect of this renewed institutional appetite. Is the negative streak finally coming to an end?
In brief
- Bitcoin ETFs raked in nearly $200 million in net inflows over the week, after eight weeks of cumulative outflows of more than $8 billion.
- Ethereum ETFs are posting their best week since late April, with $84.42 million in net inflows.
- Bitcoin is back above $64,000 and ether is testing the resistance of $1,800, both up weekly.
After eight weeks of leaking, Bitcoin ETFs go green again
The trading week ending July 4 resulted in approximately $200 million in net inflows for U.S. Bitcoin ETFs, their first positive week in two months. This burst comes after eight weeks of cumulative withdrawals which exceeded 8 billion dollars.
Monday concentrates most of the movement, with 265.69 million dollars in inflows in a single session, supplemented by 21.44 million the next day. Wednesday and Thursday plunged back into the red, before Friday closed the week with $90.44 million in entries.
The deterioration began the week of May 15, with net flows approaching a billion dollars, then worsened over three consecutive weeks of withdrawals amounting to billions. The last full week of June marked the low point, with $1.79 billion in outflows, the worst weekly figure since February 2025.
Is Ethereum following the same trajectory?
Ethereum ETFs also saw eight weeks of net withdrawals, a move that caused the cumulative flow balance to drop from $12.09 billion to $10.89 billion. Last week changed the situation, with $84.42 million in net inflows, the highest since the week of April 24.
Out of the last seven sessions, only one day finished in the red: $52.08 million withdrawn on July 9. The rest of the week accumulates in progressive gains, from $18.43 to $70.48 million depending on the day.
The price of ether accompanies this renewed appetite and tests the resistance of 1,800 dollars after a weekly jump of 2.7%. Bitcoin, for its part, regained more than 3% over the week and returned above $64,000.
Is this rebound enough to reassure institutional investors?
Tremplin.io already mentioned this tremor in its analysis of July 9, where analyst James Butterfill of CoinShares mentioned a possible low point after eight weeks of releases. The finding is consistent with the figures observed this week on Bitcoin and Ethereum funds.
However, caution remains in order since the average acquisition cost for ETF holders is around $83,800, well above the current price. This gap fuels psychological resistance which could slow down a massive return of capital.
In short, the reversal of ETF flows gives some breathing room to a market weakened by two months of withdrawals. Three elements will determine what happens next: the trajectory of Fed rates, the evolution of geopolitical tensions in the Middle East and the ability of prices to close the gap with the average entry cost of institutional investors. For the moment, crypto ETFs are catching their breath, without having reversed the underlying trend.
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