Bitcoin ETFs See Two Consecutive Weeks of Net Inflows; Institutional Return Signal Awaits Confirmation
Miles Bennett
The 13 US-listed spot bitcoin ETFs pulled in a combined $273 million over two weeks, snapping an eight-week outflow streak; yet Fed rate expectations and Strategy's sell-down leave the institutional return unconfirmed.
Why did eight weeks of bleeding suddenly reverse?
The 13 spot bitcoin ETFs logged two consecutive weeks of net inflows: $197.4 million in week one, $75.7 million in week two — about $273 million combined.
This means → the eight-week outflow trend is broken, and the direction of fund flows has materially shifted.
On Monday, renewed US-Iran tensions triggered a single-day outflow of $424.7 million — yet the week still finished positive. In plain terms = even a geopolitical shock could not erase the buying pressure.
Which key technical line has bitcoin reclaimed?
Bitcoin briefly topped $65,000 during the Asian session, climbing back above its 200-week moving average — roughly $63,300.
The 200-week MA — an average of weekly closing prices over about four years — is widely treated as the dividing line between a long-term bull and bear market.
This means → on the chart, bitcoin has flipped from "bear territory" back to "bull territory," but holding above that line is what matters next.
What do market participants make of the two-week inflow?
Richard Galvin, executive chairman of crypto investment firm DACM, calls the consecutive inflows a "bottoming signal."
His reasoning: ETFs are large and broadly held enough to serve as the key sentiment gauge for the entire crypto sector. A reversal after eight weeks of outflows, confirmed in the second week, carries statistical weight.
Ethereum ETFs also saw inflows in the same period. This reflects a positive shift spreading beyond bitcoin into the broader crypto market.
What is holding institutional capital back?
Damien Loh, CIO at Ericsenz Capital, points to expectations of a possible Fed rate hike as the main brake on institutional allocation.
He flags the transmission path of the US-Iran conflict: hostilities → higher inflation → higher rate expectations. In plain terms = markets fear not the bombs themselves, but the price increases that make it harder for the Fed to cut.
One positive variable: the US CLARITY Act — a crypto market-structure bill — could become a catalyst for further upside if passed before Congress's August recess.
Why does Strategy's sell-down matter?
Bitcoin has fallen roughly 10% since early June. One trigger: Strategy disclosed its first sale of holdings since 2022.
Founder Michael Saylor had positioned the company as a perpetual bitcoin buyer, pledging never to sell. The sale shattered that expectation.
On July 6, Strategy sold another $216 million in bitcoin — far exceeding its earlier $2.5 million disposal. This means → as the price has dropped to about half of last October's $126,000 all-time high, the financial pressure to fund dividends is converting into real selling pressure.
Can the two-week inflow streak continue?
Two variables will decide: the Fed's policy direction and progress on the CLARITY Act.
If rate-hike expectations heat up, institutional inflows could stall again; if the bill lands and provides regulatory clarity, capital may accelerate in.
In plain terms = two weeks of inflows are a positive signal, but not yet a trend — the policy headlines of the coming weeks are the real verdict.
Content is for reference only, not financial advice.