US spot Bitcoin ETFs are showing signs of recovery, with collective inflows reaching $21.52 million on June 26th, continuing the positive trend that began earlier in the week. However, BlackRock’s iShares Bitcoin Trust (IBIT) has not seen any new investments for the past four days, continuing a downward trend that began in mid-June.

Despite the lack of inflows, this does not necessarily indicate a lack of trading activity. As Bloomberg ETF analyst James Seyffart explains, zero flows in an ETF occur when supply and demand balance out, negating the need for share adjustments.

Other Bitcoin ETFs, such as BITB by Bitwise, BTCO by Invesco and Galaxy Digital, and BRRR by Valkyrie, also experienced zero flows on the same day. In contrast, Fidelity’s FBTC saw the largest net inflows of the day, amounting to $19 million, marking a reversal of a previous 7-day outflow streak.

Grayscale’s GBTC, which hadn’t seen positive flows since June 5, attracted just over $4 million. Since their introduction in January, these investment vehicles have attracted $14.44 billion in net inflows, indicating a positive outlook for the market.