Spot Bitcoin exchange traded funds recorded a second consecutive week of positive net inflows, signaling continued recovery after a prolonged period of heavy investor withdrawals. However, Ethereum ETFs outperformed their Bitcoin counterparts by attracting even more fresh capital during the week.
Bitcoin ETFs Stay in Positive Territory
The week began on a difficult note for spot Bitcoin ETFs, with investors withdrawing $424.66 million on Monday. It was the largest single day outflow since June 26 and briefly raised concerns that the previous week’s recovery had been short lived.
Sentiment improved significantly over the following four trading sessions. According to SoSoValue, the funds attracted approximately $181 million on Tuesday, $107.8 million on Wednesday, $79.15 million on Thursday, and $132.3 million on Friday.
Those inflows were enough to offset Monday’s losses, leaving Bitcoin ETFs with a weekly net inflow of about $75.67 million.
While the return to positive territory is encouraging, it remains modest compared with the scale of the recent selloff. Between mid May and early July, Bitcoin ETFs experienced eight consecutive weeks of net outflows, losing more than $8 billion overall. During five of those weeks, withdrawals exceeded $1 billion, with the week ending June 26 recording nearly $1.79 billion in net outflows.
As a result, cumulative net inflows declined from $59.34 billion to $51.08 billion before recovering slightly to $51.35 billion as of July 17.
Ethereum ETFs Outperform
Ethereum ETFs delivered an even stronger performance, recording $105.44 million in net inflows for the week, following the previous week’s gain of $84.42 million.
Like Bitcoin funds, Ethereum ETFs started the week with net outflows of $15.41 million on Monday and another $28.04 million on Thursday. However, those losses were more than offset by inflows of $58.34 million on Tuesday, $53.83 million on Wednesday, and $36.73 million on Friday.
Ethereum ETFs had also endured eight consecutive weeks of outflows before their recent turnaround. During that period, cumulative net inflows fell from $12.09 billion to $10.89 billion, a decline of more than $1.1 billion.
Following two straight weeks of positive flows in mid July, cumulative net inflows have recovered to approximately $11.08 billion, suggesting investor sentiment toward Ethereum funds is also beginning to improve.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
