Woofun AI reports that US spot Bitcoin ETFs reversed a prolonged withdrawal trend with $221.7 million in net inflows, the first such surge since early May. This market shift occurred as Bitcoin reclaimed the $61,000 level, prompting Bitwise Chief Investment Officer Matt Hougan to suggest the asset class may be nearing a bottom.

The Thursday inflow of $221.7 million terminated a 10-day streak of net outflows that had drained more than $2.7 billion from the sector. This recovery follows a record $4.5 billion in net outflows posted by the funds during June, a period when Bitcoin briefly dipped below $59,000. Despite the price stabilization, crypto market sentiment on Friday remained at an "extreme fear" reading according to the Fear & Greed Index from Alternative.me.

Fidelity's Wise Origin Bitcoin Fund (FBTC) dominated the rebound, capturing $166 million in net inflows which represented roughly 75% of the day's total volume. ARK 21Shares Bitcoin ETF (ARKB) followed with $91.8 million, while the VanEck Bitcoin ETF (HODL) and Valkyrie Bitcoin Fund (BRRR) attracted $4.4 million and $1.7 million respectively. In stark contrast, BlackRock's iShares Bitcoin Trust (IBIT) continued to bleed assets, posting $40.4 million in net outflows on Thursday.

Woofun AI data shows the fund has lost more than $2.2 billion during an 11-session outflow streak since June 17.

The flow recovery extended beyond Bitcoin as altcoin investment products also posted net inflows on Thursday. US spot Ether ETFs attracted $29.1 million, building on $14.9 million in inflows from the previous day, while XRP ETFs returned to net inflows with $6.6 million after two consecutive sessions of outflows. As Bitcoin recovered above $61,000, the global crypto market cap climbed 2.4% to $2.22 trillion over the past 24 hours. This divergence in fund performance signals a potential rotation of capital toward specific issuers rather than a broad-based sector recovery.