Bitcoin tops $64K as ETF inflows turn positive again

Bitcoin moved back above $64,000 even though US spot Bitcoin ETF demand is only starting to stabilize. For crypto investors, that gap matters: price has recovered faster than fund flows, which suggests the recent rebound still lacks strong confirmation from institutional buyers.

US spot Bitcoin ETFs brought in a net $197 million for the week ending July 10, according to SoSoValue. That ended an eight-week stretch of net redemptions that had drained more than $8 billion from the category. Flows were uneven through the week, with $265 million on Monday and $21.4 million on Tuesday, followed by outflows of $84.8 million on Wednesday and $95 million on Thursday. The group finished with a $90.4 million inflow on Friday.

Bitcoin rose 3% over the week and pushed past $64,000, with traders watching the $65,000 level. Spot Ethereum ETFs also broke their own eight-week redemption streak, posting $84.42 million in net inflows.

Still, analysts do not see one positive week as enough to call a trend change. Ecoinometrics said Bitcoin's price stability near $64,000 looks stronger than the recovery in ETF demand. Swissblock took a similar view, saying the latest data points more to slower selling than to fresh conviction.