Thursday's inflows ended a run that drained $2.7 billion, but analysts warn one green day isn't necessarily a trend reversal.

Analysts cited capital rotation amid macroeconomic uncertainty and SpaceX's historic IPO as the main drivers of the significant outflows.

US spot Bitcoin ETFs recorded $223.5 million in net inflows on July 2, ending a 10-day outflow streak that saw billions exit the funds during May and June.

Spot ETFs had their strongest inflow day in two months, driven by funds other than BlackRock’s IBIT.

BlackRock's IBIT was the only fund to see net outflows on Thursday, shedding $40.4 million and continuing its negative streak.

US spot Bitcoin ETFs post $221.7 million in inflows, led by Fidelity, as Bitcoin recovers above $61,000 amid extreme fear sentiment.

Thursday's inflows ended a run that drained $2.7 billion, but analysts warn one green day isn't necessarily a trend reversal.

Crypto ETF flows rebounded on Thursday, July 2, with bitcoin ETFs drawing $221.72 million, their largest inflow since May 5.