US spot Bitcoin ETFs recorded their first weekly net inflow since May, though analysts caution the $197 million gain is too small to confirm a sustained recovery.

The preceding eight weeks drained a combined $9.46 billion from the two groups, meaning this week’s rebound recovered only about 3% of those outflows.

US spot Bitcoin and ether ETFs attracted $282 million in net inflows last week, ending a record eight-week outflow streak that drained $9.46 billion.