After two months of sustained outflows, spot Bitcoin and Ethereum ETFs recorded net inflows last week, signaling a possible shift in investor sentiment amid price rebounds.
Bitcoin ETF Ends 8-Week Outflow Streak
Bitcoin spot ETFs saw a dramatic reversal after eight consecutive weeks of net outflows. The cumulative outflow had exceeded $8 billion by early July, with a peak of $1.79 billion in the last week of June alone. However, last week marked a turning point: approximately $200 million in net inflows were recorded, breaking the negative streak. Monday led the charge with $265.69 million, followed by $21.44 million on Tuesday and $90.44 million on Friday. Despite outflows of $84.86 million and $95.3 million on Wednesday and Thursday, the overall weekly result was positive.
The inflow coincided with a roughly 3% weekly price gain for Bitcoin, which reclaimed the $64,000 level.
Ethereum ETF Follows Suit
Ethereum spot ETFs mirrored the trend, posting net inflows of $84.42 million last week — the strongest since April. This came after eight weeks of outflows that had reduced net assets from $12.09 billion to $10.89 billion. Over the past seven trading days, only one day saw net outflows: $52.08 million on July 9. Inflows were recorded on Monday ($20.66 million), Tuesday ($27 million), Wednesday ($70.48 million), and Friday ($18.43 million).
Ethereum's price responded with a 2.7% weekly gain, attempting to break above the key resistance level of $1,800.
Market Implications
The simultaneous pivot to net inflows for both Bitcoin and Ethereum ETFs is seen as more than a supply-demand shift — it may reflect improving market sentiment and a potential change in institutional investors' stance. However, lingering outflows on certain days suggest volatility remains. The market is now watching whether this marks a temporary bounce or the beginning of a sustained trend reversal.