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Bitcoin spot ETF inflows return after eight weeks of redemptions
The week ending July 10 saw $197.0 million of net inflows across 13 spot Bitcoin ETF products, after more than $8.0 billion in redemptions since late June.
US spot Bitcoin exchange traded funds recorded their first weekly net inflow in more than two months, bringing in $197.0 million across 13 products, according to CryptoSlate. The turnaround ended an eight week streak of net redemptions that had pulled more than $8.0 billion from the Bitcoin ETF sector.
Bitcoin prices rose about 3.0% this week after the inflow returned, pushing the market past the $64,000 level as investors looked toward $65,000. SoSoValue data cited by CryptoSlate showed inflows of $265.0 million on Monday of the week ending July 10, followed by additional inflows on Tuesday before midweek outflows temporarily reversed the trend.
Demand also improved in tandem for spot Ethereum ETFs, which similarly broke an eight week run of net redemptions. CryptoSlate reported that Ethereum ETF products ended the week with $84.42 million in net inflows.
Still, analysts cautioned that a single positive week may not mark a sustained institutional comeback. CryptoSlate cited Ecoinometrics and Swissblock, saying the early stabilization in prices and flows has not yet been strong enough to fully reverse the broader trend in cumulative holdings or signal robust institutional conviction.
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