Spot Bitcoin ETFs see back-to-back net inflows for the first time since May, recovering $273.1 million after $8.2 billion in outflows.
U.S. spot Bitcoin ETFs recorded $75.7 million in net inflows for the week ending July 17, marking a second consecutive week of gains. The inflows follow $197.4 million the prior week, totaling $273.1 million over two weeks.
The recovery follows eight straight weeks of outflows, which drained over $8.2 billion from mid-May to early July. June alone saw $4.5 billion in withdrawals, the worst month on record since the funds launched in January 2024. The recent inflows cover just 3.3% of the losses.
Despite the positive trend, volatility persists, with a single-day outflow of $424.7 million on Monday, the largest since June 26.