Bitcoin ETF inflows extend to second week, but recovery lacks momentum
US-listed spot Bitcoin ETFs saw a second straight week of net inflows, bringing in $75.7 million for the week ending July 17 after $197.4 million the prior week. July ETF inflows reached $200.2 million, but June still saw $4.5 billion in net outflows, leaving 2026 net flows negative at $5.2 billion. The inflow streak suggests selling pressure is easing, but the pace remains too weak to confirm a broader trend reversal. Bitcoin has recovered toward $64,000, yet a stronger uptrend likely requires a decisive break above the $65,000–$65,500 range. Analysts say the market still lacks a large, sustained capital catalyst. Citigroup recently cut its 12-month ETF inflow forecast from $10 billion to zero and reduced its Bitcoin price target from $112,000 to $82,000. Some observers compare Bitcoin ETF adoption to gold ETFs, with cycles of strong gains, drawdowns, and recovery.
