On June 25, United States-based spot Bitcoin exchange-traded funds (ETFs) experienced a significant turnaround following a week of consecutive net outflows.

Data from SoSo Value shows that after seven days of outflows totaling $1.1 billion, the ETFs saw a notable reversal, with net inflows reaching $31 million.

On Tuesday, June 25th, the Fidelity Wise Origin Bitcoin Fund (FBTC) saw significant net inflows of $49 million, indicating a strong investor interest in this particular fund. Following closely, the Bitwise Bitcoin ETF (BITB) reported $15 million in inflows, while the VanEck Bitcoin Trust ETF (HODL) received net inflows of $4 million.

On the opposite end, the Grayscale Bitcoin Trust (GBTC) experienced net outflows of $30.3 million, signifying an apparent withdrawal of investor funds. Additionally, the ARK 21Shares Bitcoin ETF recorded $6 million in net outflows, depicting a similar trend of divestment.

Outflows from U.S.-based spot Bitcoin exchange-traded funds (ETFs) have recently reached the highest levels since April. Specifically, between April 24 and the start of May, these ETFs experienced total net outflows of over $1.2 billion.

Despite receiving provisional approval from the U.S. Securities and Exchange Commission (SEC) in May, various U.S. issuers are currently finalizing their registrations ahead of the launch of spot Ether ETFs.

As a part of this process, companies have been submitting updated Form S-1 registration statements recently. Bloomberg ETF analyst Eric Balchunas has suggested that spot Ether ETFs may potentially become available for trading in the U.S. as early as July 2.