Bitcoin and Solana ETFs Return to Net Inflows After Weeks of Redemptions

U.S. crypto ETF flows have turned positive again after several weeks of persistent outflows, CoinMarketCap reported, citing SoSoValue data. U.S. spot Bitcoin ETFs posted a net inflow of $265.69 million on Monday, the strongest single-day intake since May 5. Products tied to Solana and Hyperliquid also moved back into net-inflow territory. Bitcoin, which slid below $60,000 in late June, has rebounded to around $63,000. It briefly traded above $64,000 during the session before easing back. Even so, Bitcoin is up about 7% for the week, suggesting prices have stabilized after the earlier sharp drop. The rebound comes after heavy pressure on U.S. spot Bitcoin ETFs, which saw investors cut exposure during the downturn, driving cumulative outflows into the billions of dollars. The report also noted that Strategy sold 3,588 BTC, valued at about $216 million, marking its largest Bitcoin sale since the company walked back its "never sell" stance. Bitcoin's price remained within its recent rebound range following the transaction. Solana and Hyperliquid products attracted fresh capital as well. The U.S. spot Solana ETF logged a net inflow of $8.36 million on July 6, its best single-day showing in nearly two months, with all inflows going to Bitwise's BSOL. On the same day, the Hyperliquid ETF recorded net inflows of $8.43 million, also entirely into Bitwise's BHYP. The two funds have recently posted near-identical inflow totals on multiple occasions, prompting some market watchers to speculate a single investor may be allocating to both ETFs in similar proportions. SOL rose as high as $83.50 on the day, holding above $80 after rebounding from a low near $60. The renewed inflows stand in sharp contrast to late June, when U.S.-listed crypto ETFs endured one of their weakest stretches since spot products launched. Over the past 30 days, investment products linked to Bitcoin, Ethereum, Solana, and XRP saw combined outflows of about $5 billion, the report said. During that period, Bitcoin dipped below $60,000, Solana ETFs posted their first monthly net outflow, and Bitcoin ETFs recorded their largest monthly net outflow on record. While the latest ETF inflows point to improved institutional sentiment versus several weeks ago, the durability of the recovery will hinge on whether buying demand persists in the weeks ahead.