US spot Bitcoin ETFs extended their inflow streak to two weeks with $75.7 million in net inflows, but analysts said demand remains insufficient to fuel a sustained uptrend.
US-listed spot Bitcoin exchange-traded funds (ETFs) are seeing renewed investor demand, but the latest inflow streak has yet to provide enough momentum for a stronger recovery.
Bitcoin ETFs recorded $75.7 million in net inflows for the week ending July 17, marking a second consecutive week of positive flows, according to SoSoValue data.
The latest inflows followed $197.4 million in net inflows the previous week, bringing July’s total ETF inflows to $200.2 million. US spot Bitcoin ETFs recorded $4.5 billion in net outflows in June, with total 2026 net flows still negative at $5.2 billion.
Monthly flows in US-listed spot Bitcoin ETFs since January. Source: SoSoValue
Analysts said the return of inflows suggests selling pressure is easing, but the current pace of buying remains too limited to confirm a broader uptrend.
The two-week ETF inflow streak came as Bitcoin recovered toward $64,000 after falling from higher levels in June, but the move has not yet been strong enough to confirm a broader trend reversal, according to Simon-Peter Massabni, head of business development at XS.com.
Bitcoin needs to “decisively break above the $65,000–$65,500 range” to confirm a new uptrend, Massabni told Cointelegraph, adding that the current recovery “still lacks real strength.”
Crypto Fear & Greed Index. Source: Alternative.me
“Four consecutive sessions of inflows should be interpreted as a sign that selling pressure is easing, rather than clear evidence that institutional investors have returned on a broad scale,” Massabni said, referring to the daily ETF flow data from last week.
Massabni also highlighted Citigroup’s recent revision to its Bitcoin ETF outlook, which reflects concerns over the strength of institutional demand.
On July 1, Citi cut its 12-month ETF inflow forecast from $10 billion to zero after weaker-than-expected flows and recent outflows. The bank also lowered its 12-month Bitcoin price target from $112,000 to $82,000.
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