Bitcoin and ether ETFs finally broke their eight-week outflow streaks, drawing fresh capital as institutional demand began to recover from a prolonged redemption cycle.
Bitcoin and Ether ETFs Snap 8-Week Outflow Run With Combined Inflows of $282 Million
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Key Takeaways
- Bitcoin ETFs gained $197.4M and ether ETFs $84.42M, ending 8-week outflow streaks.
- Blackrock’s IBIT led bitcoin inflows, while ether ETFs showed stronger relative demand.
- Sosovalue says Fed, inflation, and jobs data will determine if ETF inflows can continue.
Blackrock’s IBIT and ETHA Lead Crypto ETF Recovery
The crypto exchange-traded fund (ETF) market finally found some footing.
After nearly two months of steady withdrawals, U.S. spot bitcoin and ether ETFs returned to weekly inflows from July 6 to July 10, giving investors the clearest sign yet that redemption pressure may be easing. The recovery was not perfect. It was uneven, and some funds still bled capital. But after eight straight weeks of outflows, even a modest turn carried weight.
Spot bitcoin ETFs recorded $197.4 million in net inflows for the week, ending their eight-week outflow streak. Spot ether ETFs followed with $84.42 million in net inflows, also snapping eight consecutive weeks of redemptions.
Bitcoin and Ether Return to Positive Territory
Bitcoin’s rebound was led by Blackrock’s IBIT, which added $291.9 million for the week. Grayscale’s Bitcoin Mini Trust also drew a strong $95.1 million. Smaller inflows came through Morgan Stanley’s MSBT, which added $13.2 million, Vaneck’s HODL with $9 million, and Bitwise’s BITB with $5.1 million.
Still, the week was not clean. Grayscale’s GBTC lost $108.2 million, while Fidelity’s FBTC saw $93.4 million in outflows. Ark & 21Shares’ ARKB also slipped, losing $15.3 million.
The daily picture showed the recovery building in fits and starts. Bitcoin ETFs added $265.69 million on Monday and $21.44 million on Tuesday, before slipping into outflows of $84.86 million on Wednesday and $95.30 million on Thursday. Friday helped seal the weekly reversal, with $90.44 million in net inflows.
Sosovalue’s weekly update said the pattern showed improved bitcoin ETF demand, though the recovery remains uneven. Weekly inflows represented about 0.26% of bitcoin ETF assets, based on $77.42 billion in week-end AUM. That was enough to end the long outflow streak, but still short of a strong allocation cycle. The firm added that bitcoin’s rebound to around $63,000 suggested demand near the $60,000 area remains resilient, especially after Friday’s inflows showed institutions were still willing to re-enter during pullbacks.
Ether ETFs followed a steadier path. The category added $20.66 million on Monday, $26.93 million on Tuesday, and $70.48 million on Wednesday. Thursday brought a $52.08 million outflow, but Friday’s $18.43 million inflow helped secure a positive weekly close.
Sosovalue said ether’s structure looked stronger than bitcoin’s. Based on week-end AUM of about $9.59 billion, ether ETF inflows represented roughly 0.88% of total assets, more than three times bitcoin’s relative flow intensity. ETH also rose to around $1,780, while total net assets recovered from recent lows.
Altcoins Split as HYPE Holds Positive and XRP Slips
The altcoin ETF market was more mixed.
Spot HYPE ETFs drew $10.36 million in net inflows for the week, despite ending Friday with a $5.73 million outflow. Earlier demand carried the category higher, including inflows of $8.43 million on Monday, $4.32 million on Tuesday, and $3.33 million on Wednesday.
Spot solana ETFs posted a modest $930,400 in net inflows. XRP ETFs were weaker, recording $7.18 million in net outflows, driven mainly by Wednesday’s $7.29 million exit.
The week’s message was cautiously constructive. Bitcoin and ether ETFs have not fully repaired the damage from two months of selling, but the pressure has eased. Heading into the new week, the recovery’s durability will depend on whether inflation, employment data and Federal Reserve expectations continue to move in a more supportive direction.
