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US spot Bitcoin ETFs snapped four days of outflow streak on Wednesday as Bitcoin (BTC) stabilized near $64,000. The recent inflows, although relatively modest, have sparked renewed optimism that institutional investors may return to the market.
According to SoSoValue, US spot Bitcoin ETFs recorded $32.1 million in net inflows on Wednesday, ending a four-session outflow streak that saw more than $500 million in net withdrawals. The positive momentum continued on Thursday, with BTC ETFs recording $49.74 million in net inflows.
July has been the worst month for Bitcoin ETF inflows since the launch of the products, despite the recent recovery. Net inflows currently stand at approximately $205 million, significantly lower than the previous few months.
Compared to this, the muted performance comes after significant institutional exits, totaling around $2.43 billion in Bitcoin ETFs in May and $4.52 billion in June.
Despite that, the total volume of Bitcoin inflows to spot ETFs in the US remains over $51 billion, highlighting their continued importance as a long-term source of Bitcoin demand.
Ethereum has fared somewhat better. ETH ETFs have attracted around $340 million in July, almost as much as in April and outperforming Bitcoin and other crypto funds. XRP is on track for a fourth consecutive month of inflows, though the sum remains modest at $13.61 million. Solana ETFs sit at $13.82 million.
Institutional investors have been gradually coming back, but retail sentiment remains low. The Crypto Fear and Greed Index is at 37, which is in the "Fear" zone.
Historically, periods where institutional accumulation coincides with weak retail confidence have often attracted attention from long-term investors looking for early signs of trend reversals.
Also Read: Bitcoin Price Analysis: BTC's Path to $100,000 Faces Key Resistance Levels
Why this Matters
Returning ETF inflows signal institutional interest despite weak retail sentiment. Reclaiming key resistance could drive a broader market recovery, but heavy outflows or macroeconomic headwinds will quickly reverse gains.
BTC is trading in the red near $64,000, with a bearish near-term bias, as it remains below the 50-day EMA at $64,921 and far under the 200-day EMA, which is at $73,492.
The Moving Average Convergence Divergence (MACD) has slipped just below the signal line, indicating fading upward momentum. At the same time, the Relative Strength Index RSI at 50 hovers at the midline, which leans toward neutral demand.
On the upside, the initial resistance sits around $64,921, with a further bullish threshold at the June 3 high at $67,516.
Bitcoin ETF inflows are considered a key indicator of institutional demand. Rising inflows generally signal growing confidence among large investors, while sustained outflows may reflect weakening sentiment or increased profit booking.
According to SoSoValue, US spot Bitcoin ETFs recorded $32.1 million in net inflows on Wednesday, followed by another $49.74 million on Thursday. The two-day recovery ended a four-session outflow streak totaling more than $500 million.
Bitcoin remains below both its 50-day EMA ($64,921) and 200-day EMA ($73,492), indicating a cautious short-term outlook. Meanwhile, the MACD has slipped below its signal line, while the RSI near 50 reflects neutral momentum.
Ethereum ETFs have attracted approximately $340 million in July, outperforming Bitcoin ETFs during the month. XRP and Solana ETFs have also continued recording positive inflows, although the totals remain relatively modest.
The immediate resistance is near the 50-day EMA at $64,921, followed by the June 3 high around $67,516. A sustained move above these levels could strengthen bullish momentum, while failure to reclaim them may keep Bitcoin trading within its current range.
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