U.S. Spot Bitcoin ETFs Log Second Week of Net Inflows

U.S. spot Bitcoin exchange-traded funds have recorded a second consecutive week of net inflows, marking a tentative stabilization after a prolonged period of investor withdrawals. For the week ending July 17, the funds attracted $75.7 million, following a stronger $197.4 million intake the previous week, bringing the total for July to over $200 million.

This positive streak follows eight consecutive weeks of outflows totaling more than $8 billion, a period that coincided with a nearly 25% decline in Bitcoin's price from its recent highs. The recent inflows have helped Bitcoin stabilize near the $64,000 level after it fell from higher levels in June. However, analysts caution that the scale of the rebound remains modest, having replaced only about 3% of the capital withdrawn during the preceding sell-off.

Market observers note that the improvement suggests selling pressure is easing, but the pace of buying is insufficient to confirm a broader shift in institutional sentiment. Simon-Peter Massabni, head of business development at XS.com, stated that four consecutive sessions of inflows should be interpreted as a sign of stabilization rather than clear evidence of a broad...