15 hours ago
US-listed spot Bitcoin exchange-traded funds (ETFs) are seeing renewed capitalist demand, but the latest inflow streak has yet to supply capable momentum for a stronger recovery.
Bitcoin ETFs recorded $75.7 cardinal successful nett inflows for the week ending July 17, marking a 2nd consecutive week of affirmative flows, according to SoSoValue data.
The latest inflows followed $197.4 cardinal successful nett inflows the erstwhile week, bringing July’s full ETF inflows to $200.2 million. US spot Bitcoin ETFs recorded $4.5 cardinal successful nett outflows successful June, with full 2026 nett flows inactive antagonistic astatine $5.2 billion.
Monthly flows successful US-listed spot Bitcoin ETFs since January. Source: SoSoValue
Analysts said the instrumentality of inflows suggests selling unit is easing, but the existent gait of buying remains excessively constricted to corroborate a broader uptrend.
New uptrend requires Bitcoin to decisively interruption supra $65K
The two-week ETF inflow streak came arsenic Bitcoin recovered toward $64,000 aft falling from higher levels successful June, but the determination has not yet been beardown capable to corroborate a broader inclination reversal, according to Simon-Peter Massabni, caput of concern improvement astatine XS.com.
Bitcoin needs to “decisively interruption supra the $65,000–$65,500 range” to corroborate a caller uptrend, Massabni told Cointelegraph, adding that the existent betterment “still lacks existent strength.”
Crypto Fear & Greed Index. Source: Alternative.me
“Four consecutive sessions of inflows should beryllium interpreted arsenic a motion that selling unit is easing, alternatively than wide grounds that organization investors person returned connected a wide scale,” Massabni said, referring to the regular ETF travel information from past week.
Citi cuts 12-month Bitcoin ETF inflow forecast from $10 cardinal to zero
Massabni besides highlighted Citigroup’s caller revision to its Bitcoin ETF outlook, which reflects concerns implicit the spot of organization demand.
On July 1, Citi cut its 12-month ETF inflow forecast from $10 cardinal to zero aft weaker-than-expected flows and caller outflows. The slope besides lowered its 12-month Bitcoin terms people from $112,000 to $82,000.
Related: Prediction markets defy crypto downturn with grounds Q2 volume: CoinGecko
“The marketplace does not deficiency reasons to commencement buying Bitcoin,” Massabni said, adding that “what is inactive missing is simply a sufficiently beardown catalyst — astir apt a travel of superior ample and persistent capable to crook the existent rebound into a genuine trend.”
Bloomberg ETF expert Eric Balchunas compared Bitcoin ETFs’ trajectory with golden ETFs, noting that some products person experienced accelerated adoption followed by extended periods of weaker performance.
Source: Eric Balchunas
In an X station connected Friday, Balchunas said Bitcoin ETFs whitethorn travel a akin signifier of “spectacular gains, achy drawdowns and recoveries,” with each rhythm perchance mounting higher highs implicit time.
Magazine: Will the US get CLARITY this week? Bitcoin’s caller $80K target: Hodler’s Digest, July 19
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