Bitcoin Spot ETFs Post Second Straight Week of Net Inflows at $75.7M

Bitcoin News

US spot Bitcoin (BTC) exchange-traded funds recorded net inflows for a second consecutive week, a modest but notable turn for the vehicles most closely watched as a proxy for institutional demand. Fund-flow data shows the spot BTC ETF complex absorbed roughly $75.67 million last week, following $197.4 million the week prior. The back-to-back positive prints break a prolonged drought and give bulls a data point to lean on, though the sums remain small relative to the daily turnover these products command. For context on the broader trend, our desk is tracking the flows against the deep outflows that dominated earlier in the quarter. See our Bitcoin coverage hub for the running tally.

Zooming into the daily cadence, the inflow streak extended to a fourth straight session. Fund-flow data shows the spot ETFs took in $132.3 million on July 17, building on $79.1 million the previous day, with positive net creation running since July 14. That steady drip has clawed back a meaningful share of the sharp redemptions seen the prior week. Analysts highlight that consistent, unglamorous inflows — rather than single-day surges of several hundred million dollars — are what tend to underpin spot demand and cushion downside. The pattern suggests allocators are re-engaging incrementally rather than chasing a breakout, a posture consistent with a range-bound tape.

BlackRock’s IBIT once again did the heavy lifting. The fund pulled in $136.5 million on the session, a figure that actually exceeded the complex-wide net total because rivals leaked assets. The concentration is now a structural feature of the market: where issuance was spread across multiple managers at launch, institutions increasingly funnel capital toward the deepest, most liquid product. That gravitational pull has widened IBIT’s dominance and made its individual creations a near-real-time read on where the largest buyers are positioning. Our reading of the flow is that a single fund is now the dominant transmission channel for professional Bitcoin exposure in the ETF wrapper.

Not every issuer shared in the gains, underscoring the divergence beneath the headline number. Fidelity’s FBTC shed $4.2 million on the same day, while Bitwise’s BITB, ARK’s ARKB, VanEck’s HODL and Invesco’s BTCO registered no net movement at all. The split reinforces a theme that has hardened over recent months: liquidity and secondary-market volume are migrating into the largest funds, leaving smaller vehicles static or in mild redemption. For allocators, tighter spreads and heavier order books at the top of the table are self-reinforcing, and the flat prints across most of the field show how narrow the active demand base has become.

The two-week thaw follows a bruising stretch that frames just how tentative the recovery is. Over the preceding eight weeks the spot ETF complex bled capital every single week, surrendering more than $8 billion in aggregate. Even at the worst of that run, the largest weekly redemption reached $226.84 million — a figure that, tellingly, still tops last week’s entire net inflow. That comparison is the crux of the caution: the market has not yet produced an inflow week strong enough to overwhelm the scale of its recent outflows, leaving the rebound looking more like stabilization than a decisive shift in the demand regime.

Digital-asset research desks are urging patience before declaring an institutional comeback. One analytics firm argued that the recent net creations barely clear the smallest of the prior outflow weeks, and that a structural re-entry signal requires inflows to persistently overwhelm redemptions across multiple weeks — not two soft prints. ETF flows remain a favored leading indicator of medium-term sentiment precisely because they filter short-term price noise; the fact that creations continue even as spot chops sideways hints that holders are prioritizing long-duration allocation over volatility trading. Still, macro conditions and US monetary-policy expectations loom as the swing variable for whether the trickle becomes a trend.

(as of 07:32 UTC) On the levels, COINOTAG’s proprietary 42-indicator composite scoring engine rates the $63,783 support at 80/100 (STRONG), driven by a tight confluence of the BB Middle band, the SMA 20 and the Ichimoku Tenkan line, making it the pivot bulls must defend near spot of $63,980. Overhead, the engine scores the $66,902 resistance at 73/100 on a Flip S→R and Fibonacci 0.382 cluster, with $64,966 (67/100, EMA 50 and Ichimoku Senkou A) the first hurdle. Derivatives read constructively but crowded: funding sits at 0.0031%, open interest at $12.37 billion, and the long/short ratio at 1.62 (61.8% long). With RSI at 50.85, a bullish MACD, yet a Fear reading of 29/100, a daily close below $62,433 would invalidate the recovery thesis.