Funds return to Bitcoin and Ethereum ETFs as market rebounds, but flows remain a tug-of-war. Over the past few days, capital has flowed back into U.S. spot Bitcoin ETFs and Ethereum ETFs, slightly improving supply-demand sentiment. Recent reports indicate net inflows of approximately $181 million into Bitcoin ETFs and $58 million into Ethereum ETFs, reversing sharp outflows from the previous day. Asset balances have recovered to around $78 billion for Bitcoin ETFs and over $10 billion for Ethereum ETFs. Market prices followed suit, with Bitcoin rising approximately 4% and Ethereum up about 6%, marking one of the strongest price movements in recent weeks. ([https://t.co/QL061oJyyr](https://t.co/huUFIFuwBp)) However, the trend is not uniformly positive. In July, inflows and outflows have frequently reversed on a daily basis, with Bitcoin ETFs often experiencing large inflows followed by immediate outflows the next day. Last week’s data showed Bitcoin ETFs briefly returning to net outflows, while Ethereum ETFs also halted their consecutive inflow momentum. Thus, while institutional capital is gradually returning to the market, trading behavior remains reactive to short-term price movements rather than driven by confident, directional buying. ([https://t.co/QL061oJyyr](https://t.co/YXI9hpw93T)) On the Ethereum side, demand is further supported by individual catalysts beyond ETF inflows. According to reports, Robinhood Chain, a Layer 2 network launched on July 1, adopted a settlement mechanism using ETH for gas fees, resulting in daily decentralized trading volumes exceeding $800 million. This surge in usage is viewed as a fundamental driver of real-world demand for ETH, independent of ETF-related capital flows. However, this remains a temporary tailwind; its sustainability will depend on user adoption and broader market conditions. ([https://t.co/QL061oJyyr](https://t.co/UAGRyHdyDR)) Meanwhile, despite unstable ETF flows, signs of weakening selling pressure on Bitcoin are emerging. One analysis noted that long-term holders and large investors continue to buy, while selling pressure from ETFs is gradually easing. Another perspective suggests that monthly ETF flows still lack clear direction and prices remain highly sensitive to external factors. In short, the current crypto market has not yet reached a stage where it can be said that capital has fully returned—but it has certainly moved beyond the one-sided outflows seen through June. Looking ahead, the key focus will be how sustained ETF inflows interact with equity markets, interest rate expectations, and real-world demand across major networks. ([https://t.co/QL061oJyyr](https://t.co/huUFIFuwBp))