US-listed spot Bitcoin exchange-traded funds posted a net inflow of $197.4 million for the week ending Friday, ending an eight-week streak of weekly outflows that began in May.

Data from Farside Investors show the inflow was driven primarily by the BlackRock iShares Bitcoin Trust ETF, which attracted $291.9 million, while the Grayscale Bitcoin Trust ETF, the Fidelity Wise Origin Bitcoin Fund and the ARK 21 Shares Bitcoin ETF recorded outflows.

The total weekly inflow compared with $8.26 billion withdrawn since May 11. The streak reversal may indicate a rebound in institutional interest after two months of selling pressure, though analysts cautioned that one week of inflows does not confirm a trend. Jeff Yew, founder and CEO of Monochrome Asset Management, said the potential passage of the CLARITY Act in August could be fostering institutional positioning for greater regulatory certainty. Markus Thielen, founder and CEO of 10x Research, noted that outflows from ETFs and stablecoins, as well as seasonal factors in August and September, remain downside risks, and that Bitcoin historically performs better in the first half of the month before consolidating later.

Jamie Coutts of Real Vision said technical indicators suggested easing selling pressure, indicating the bear market may be nearing its second half. Russell Thompson, CIO of Hilbert Capital, warned that Bitcoin could still decline toward a low around October. US spot Ether ETFs also ended an eight-week outflow streak, recording a net inflow of $84.42 million, led by BlackRock and Fidelity funds, though the amount was smaller than the $1.2 billion withdrawn since May 11.

The developments come amid ongoing debate over the outlook for cryptocurrency markets, with analysts divided on whether the recent inflows signal a sustained recovery or a short‑term rebound.