Spot Bitcoin and Ether ETFs Catch a Bid After Weeks of Bleeding Out 🟢

U.S. spot Bitcoin ETFs closed their first positive week since May, pulling in roughly $197 million on a net basis after shedding $527 million the prior week. Spot Ether ETFs followed suit, drawing approximately $84 million after a small net outflow the previous week, bringing combined net inflows across both products to about $282 million.

The weekly tally was built day by day. Bitcoin ETFs opened with a $265.7 million inflow on Monday and added $21.5 million on Tuesday. Midweek flows turned negative during the Iran escalation, with $84.9 million exiting on Wednesday and $95.3 million on Thursday, before Friday closed with a $90.4 million inflow. BlackRock's IBIT led the buying on both positive sessions, adding $209.4 million on Monday and $86.8 million on Friday. IBIT was the single largest contributor to June's record outflows, making its return to net buying notable.

Bitcoin rebounded to $64,000 during the week before retracing to just under $63,000 overnight. The price action tracked the flow data closely across the five sessions.

Attention now turns to Tuesday's CPI print, the final major inflation data point before Kevin Warsh's July 28–29 FOMC meeting. The setup leaves spot ETF flows positioned as a near-term indicator of institutional risk appetite into the Federal Reserve's next policy decision.