US spot Bitcoin ETFs snap eight-week outflow streak with $197 million weekly inflow

US spot Bitcoin exchange-traded funds posted their first weekly net inflow in more than two months, drawing $197 million across 13 products and ending an eight-week stretch of net redemptions. The prior run of outflows drained more than $8 billion from the spot Bitcoin ETF segment. Bitcoin rose about 3% over the week, reclaiming the $64,000 level as traders watched for a potential move toward $65,000. SoSoValue data for the week ending July 10 show strong buying early in the week: $265 million of net inflows on Monday and another $21.4 million on Tuesday. Flows turned negative midweek, with $84.8 million in net outflows on Wednesday and $95 million on Thursday, before recovering on Friday with $90.4 million of net inflows to finish the five-day period in the black. Spot Ethereum ETFs followed a similar pattern, also breaking an eight-week redemption streak. The group ended the week with $84.42 million in net inflows, signaling a broader stabilization across crypto investment vehicles. Swissblock said the heaviest phase of ETF-driven distribution in the current bear market appears to have passed, adding: "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." Analysts cautioned that one positive week does not yet amount to a durable return of institutional demand. Ecoinometrics noted that Bitcoin holding near $64,000 looks surprising given the recent capital flight from ETFs, and argued that price stabilization is running ahead of demand because a few positive-flow days have not come close to offsetting eight weeks of redemptions. The firm added: "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." Swissblock echoed that view, saying accumulation remains soft and lacks strong institutional conviction. On that basis, the latest inflow points more to slowing selling pressure than a confirmed change in trend, with several more weeks of sustained inflows needed to show investors are rebuilding exposure rather than simply pausing withdrawals.