The selling pressure may finally be easing.
After 8 consecutive weeks of net outflows, Bitcoin and Ethereum spot ETFs have posted their first positive week, attracting a combined $281.8M in fresh inflows. That's a notable turnaround after more than $8.2B exited Bitcoin ETFs during the previous stretch.
The biggest driver? BlackRock.
Its IBIT ETF recorded a $209M inflow on July 6 and followed it with another standout session on July 7, contributing more inflows than the rest of the Bitcoin ETF market combined. With roughly $46.3B in net assets, BlackRock continues to set the pace for institutional demand.
The market is beginning to respond. BTC reclaimed $64K before settling near $63K, while ETH trades around $1,767, still well below the excitement seen at the launch of spot ETFs.
Ethereum is also showing signs of life. Spot ETH ETFs have now recorded four straight days of positive inflows, their strongest week since April. Attention is shifting toward staking-enabled ETFs, which could eventually offer institutions both price exposure and staking yield.
Analysts remain divided on where ETH heads next:
• Citi: $2,240 over the next 12 months, citing softer demand.
• Standard Chartered: $7,500 by year-end if regulatory conditions improve.
• Prediction markets: $3,000–$3,500.
While the return of positive flows is encouraging, one strong week doesn't erase two months of persistent outflows. And with BlackRock accounting for much of the rebound, the recovery still depends heavily on a single major player.
Is this the beginning of sustained institutional accumulation, or just a temporary bounce led by one giant?
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