U.S. spot funds added a net $197 million in the week ending July 10 — a modest reversal after $8.2 billion left the products since May.
U.S. spot bitcoin ETFs posted their first weekly net inflow in two months. Illustration: Bitcoin Almanack.
U.S.
spot bitcoin ETFs took in a net $197.4 million during the trading week that ended July 10, according to daily flow data from Farside Investors — the first positive week since early May, snapping eight consecutive weeks of redemptions.
The week was far from steady. Monday, July 6 delivered the bulk of the money, with
BlackRock's IBIT alone attracting $209.4 million — its strongest session in months. Selling returned mid-week, with roughly $85 million and $95 million leaving the funds on Tuesday and Wednesday, before a $90 million inflow on Friday tipped the weekly total back into the green.
BITCOIN ALMANACK ANALYSIS
Daily net flows, week of July 6–10 ($M)
MON 6TUE 7WED 8THU 9FRI 10
Weekly net: +$197.4M · Data: Farside Investors · Chart: Bitcoin Almanack
The reversal follows the worst stretch in the products' history. Over the eight-week outflow streak, investors pulled more than $8.2 billion from spot bitcoin ETFs, and June alone saw roughly $4.5 billion in net redemptions — the heaviest month since the funds launched in January 2024. Year-to-date, the complex remains about $5.4 billion in net outflows, so one positive week recovers only a small fraction of what has exited in 2026.
Who was buying matters as much as how much. Analysts treat IBIT — the largest fund by assets and the one most associated with institutional mandates — as the clearest proxy for large-money conviction. During the early-July bounce it was Fidelity's FBTC and ARK's ARKB leading while IBIT continued to bleed; this week that flipped, with IBIT front-running the recovery.
Why flows matter mechanically: when investors buy ETF shares, the funds must purchase actual bitcoin on the spot market; redemptions force the reverse. Research cited widely this year estimates these flows now explain roughly 45% of bitcoin's weekly price moves. Bitcoin traded near $62,700 as the week closed, with sentiment gauges still in "fear" territory — a sign markets read the week as a pause in selling rather than a confirmed turn.
WHY IT MATTERS
ETF flows are how big, regulated money moves in and out of bitcoin — and lately they've been a major driver of price itself. Eight straight weeks of selling meant billions in automatic bitcoin sales; this week that pressure finally stopped. One good week isn't a trend, but it's the first sign in two months that institutions may be done selling.
What to watch next
1.Does IBIT keep leading? Sustained IBIT inflows signal institutional re-engagement; if leadership rotates back to smaller funds, this was tactical buying.
2.A second positive week. Historically, bitcoin's strongest price runs came alongside inflow streaks measured in weeks, not days.
3.The $5.4B hole. Watch how quickly the year-to-date outflow figure erodes — it's the clearest scoreboard for whether institutions are back.