According to external sources, the United States marketed spot bitcoin ETF has attracted a total net inflow of $273 million over the past two weeks, ending the eight consecutive weeks of financial outflows. However, compared to the cumulative withdrawal of more than $8 billion in the previous round, the scale of this reversal is still limited and is not sufficient to demonstrate a significant recovery in institutional needs.

Two weeks to return $273 million.

According to SoSoValue, as of the week of 17 June, there was a net inflow of US real bitcoin ETF of $75.67 million, compared to $197.4 million the previous week. The combined two-week net inflow of $273 million broke the previous eight consecutive weeks of net outflows.

The market had previously seen this change as a sign of improved financial performance. ETFs are generally seen as the main conduit for institutional investors to enter the Bitcoin market, so that a return to net inflows is often interpreted as a return to institutional risk.

Still disproportionate to previous outflows

However, according to the article, the current return amount still appears to be small compared to the scale of previous sales. During the aforementioned eight-week cycle of outflows, the associated ETF cumulative outflows exceeded $8 billion.

In contrast, the recent 14-day net inflow of $273 million was only slightly higher than the smallest one-week outflow during that downturn. The data show that, as of the week of 18 June, the single-week minimum outflow also amounted to $226.8 million.

In other words, it took two weeks for the market to recover, and only roughly offset the relatively moderate outflows of the previous week. This means that the current data are more like post-crash repairs than a clear new round of incremental financial returns.

The return of institutional needs remains to be seen

The article mentions that the recent ETF flows have indeed been more stable than before, and that there has been a resurgence of successive net inflows. At the same time, the price of bitcoin has recently remained between $64,000 and $65,000, and the market ' s expectations of a stable price are warming.

However, according to external sources, the current two-week data alone would not be sufficient to confirm that there had been a significant return of institutional purchases. To support this judgement, the scale of net inflows for the following weeks needs to continue to expand and significantly exceed previous outflows.

BRN also indicated that ETF financial flows remain the primary indicator of the re-entry of the funds of the Observatory. An orderly return of institutional funds can only be illustrated by the fact that many weeks of continuous positive inflows.

Overall, the funding situation has improved in the near future over the previous period, with at least a temporary phase of large-scale outflows ending. However, on an absolute scale, this turnback is still weak, and the market is still a little short of full repair of the needs of the recognized institutions.