Spot Bitcoin exchange-traded funds have logged two consecutive weeks of net inflows, snapping what had been the longest sustained outflow streak since the products launched. The turnaround, confirmed by data compiled this week, offers a flicker of relief for a market that had watched billions drain from the funds over the prior months.
Two weeks of green
The numbers flipped in early July, and the second week extended the trend. While the inflows are still modest compared to the outflows that preceded them, the shift in direction is the first real sign of renewed demand after a punishing stretch. The exact totals aren't public yet, but the reversal is clear enough that几家 large custodians noted the shift in their weekly reports.
Why the streak mattered
That outflow streak wasn't just long — it was record-breaking for the ETF category. Each week brought fresh redemptions, and the cumulative drain pushed total assets under management in the US spot Bitcoin ETFs down by roughly a third from their peak in early 2026. The pressure came from a mix of macro uncertainty, a sharp pullback in Bitcoin's price, and profit-taking after the rally that followed the product approvals.
Patience required
Even with the back-to-back inflows, the data suggests investors shouldn't expect a straight line back up. The outflows were deep and persistent, and rebuilding confidence takes time. Some of the biggest ETF issuers are still seeing net redemptions when you zoom out to the monthly view. The message from the numbers: this is a welcome shift, but it's not a flood yet.
What to watch next
The real test comes in the next few weeks. If the inflows accelerate — or at least hold steady — the streak could become a genuine trend. If they reverse again, the outflow record may just have been a brief pause. The next weekly data, due out early next week, will show whether the buying is sustainable or just a short-term bounce.
