Bitcoin ETFs Report New Inflows After Significant Outflows
Bitcoin exchange-traded funds (ETFs) have seen a turnaround with $510 million in net inflows over the past three days, following a record outflow of $8 billion. James Butterfill, head of research at 21Shares, suggests this shift in sentiment may indicate a recovery, according to a report by Decrypt.
After experiencing record outflows totaling approximately $8 billion over eight weeks, Bitcoin exchange-traded funds (ETFs) have recently returned to net inflows. Specifically, these funds recorded about $510 million in new investments since last Friday, signaling a potential shift in investor sentiment.
James Butterfill, head of research at 21Shares, indicated that this is the largest inflow seen since the outflows began in early May. "It looks like sentiment might be turning a corner," Butterfill stated, adding that this recent influx follows the most significant outflow trend previously recorded. Overall, Bitcoin ETFs had faced a cumulative outflow of $2.8 billion year-to-date, exacerbated by Bitcoin’s decline to a 21-month low.
As of recent calculations, Bitcoin is trading around $62,000, showing a 4% increase over the past week. Earlier this month, the cryptocurrency had fallen to as low as $58,000, contributing to the significant drawdown from its peak of $126,000 in October 2025. Butterfill mentioned that the current streak of outflows represents about 8% of the assets under management for Bitcoin ETFs, a pattern reminiscent of similar activity during market lows observed in 2018.
While some investors have begun to allocate funds back into Bitcoin ETFs, many remain underwater due to the average cost basis being around $83,800 for those holding these products, according to data from Glassnode. Moreover, large holders, often referred to as whales, have sold more than $40 billion worth of Bitcoin since its price reached a peak last year. However, Butterfill noted that the selling pressure from these whales appears to have lessened recently, offering a glimmer of hope for a possible price recovery.
Despite these observations, Butterfill cautioned that ongoing expectations of tighter monetary policy in the United States might hinder Bitcoin's potential breakout from its current trading range. Investors are advised to remain vigilant as market conditions continue to evolve.
Summary based on original reporting by André Beganski at Decrypt, originally published Jul 8, 2026. SolanaWire does not republish source content.
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