US-listed spot Bitcoin ETFs pulled in $75.7 million in net inflows for the week ending July 18, marking a second consecutive week of positive flows after nearly two months of sustained outflows, according to data cited by Bloomberg.
The prior week brought in $197.4 million, meaning the 13 funds have now absorbed roughly $273 million combined over the two-week stretch. That figure looks modest against the backdrop it follows: the category shed more than $8 billion between early May and early July, with June alone accounting for approximately $4.5 billion in redemptions — the worst monthly outflow reading since the products launched in January 2024. Investors also pulled $424.7 million from the funds in a single session earlier this month after renewed military conflict between the US and Iran rattled risk assets broadly.
BTC has stabilized in the $63,000–$65,000 range in recent sessions, having recovered from a brief dip under $60,000 in early July. Flows have been uneven across issuers: BlackRock‘s IBIT has accounted for a disproportionate share of the recent gains, while Grayscale’s higher-fee legacy products continue to see redemptions, partly offset by inflows into its lower-cost Bitcoin Mini Trust. Year-to-date, the category remains deeply in the red, with net outflows still sitting near $5.4 billion.
Analysts caution against reading too much into two weeks of modest inflows. Since ETF flows are estimated to explain a meaningful share of weekly Bitcoin price moves, a sustained multi-week trend would be the clearer signal of institutional capital returning in a structured way, rather than a one-off rebound. For now, the data shows the outflow pressure has eased, not reversed — the next test comes as markets digest incoming inflation data and the Federal Reserve’s next policy meeting later this month.
