Overview
- Spot Bitcoin ETFs recorded roughly $197–$200 million in net inflows for the week ending July 11, ending an eight-week run that had pulled more than $8 billion from the funds.
- A July 10 session drove much of the move with $90.44 million of daily net inflows into Bitcoin ETFs, $86.83 million of which came into BlackRock’s iShares Bitcoin Trust (IBIT).
- U.S. spot Ethereum ETFs also saw inflows on July 10 of about $18.43 million, led by BlackRock’s ETHA and smaller additions to Fidelity’s FETH.
- Bitcoin’s price rose about 3% over the week to trade above $64,000 as a softer dollar and lower oil prices lifted risk assets, but the market still faces resistance around $65,000 to $71,000.
- The gains are concentrated in a few large funds and analysts warn one positive week does not prove a durable shift because ETF creation and redemption mechanics and many short‑term holders sitting below their buy price could still generate selling into rallies.