US Spot Bitcoin ETFs Record $197M Inflows as Corporate Treasury Buying Grows

US‑listed spot Bitcoin exchange‑traded funds posted a net inflow of $197.4 million for the week ending 10 July 2026, snapping an eight‑week streak of withdrawals that had seen about $8.26 billion leave the products since 11 May. BlackRock’s iShares Bitcoin Trust led the reversal with $291.9 million of fresh capital, while rival funds such as Grayscale’s GBTC, Fidelity’s FBTC and ARK 21Shares recorded outflows. Spot Ether ETFs also turned positive, adding $84.4 million.

Analysts caution that the rebound is modest. Markus Thielen warned, “It is still too early to speak of a structural recovery.” Others note that a single week’s net inflow may reflect tactical positioning rather than a durable shift in institutional appetite.

Separately, public‑company treasuries purchased 110,000 BTC in the second quarter, bringing total corporate holdings to roughly 1.26 million Bitcoin – about 6 % of the total supply. Ongoing exchange outflows continue to reduce the readily tradable Bitcoin pool, supporting price action that kept Bitcoin near $63,800–$64,000 during the period.

The convergence of ETF inflows, corporate buying and persistent exchange withdrawals is being watched as a barometer of institutional demand for Bitcoin.