Bitcoin and ether ETFs post first weekly inflow in two months
Macro & Markets ·
Combined $282 million entered the two fund groups this week, ending eight straight weeks of withdrawals, though the rebound offsets only a small fraction of prior losses.
Spot Bitcoin and Ethereum exchange-traded funds took in a combined $282 million this week, breaking eight-week outflow streaks for both asset classes, according to The Block. The prior eight weeks had drained $9.46 billion from the two fund groups combined, meaning this week's inflow recovered only about 3% of that total.
The turnaround was gradual rather than sudden. On July 10, Bitcoin spot ETFs logged $90.4 million in net inflows, with BlackRock's IBIT leading the group and reversing outflows recorded the previous day. Ethereum ETFs added a further $18.43 million that same day. Other tallies for the week put Bitcoin ETF inflows at roughly $200 million and Ethereum ETF inflows near $84.42 million, figures reported by CryptoPotato as the streak-breaking moment.
Bitcoin's price movement coincided with the shift in fund flows, climbing above $64,000 during the period covered by the inflow reports. Additional coverage of the same weekly reversal appeared through theblockbeats and WuBlockchain, both noting the end of the eight-week outflow run across both asset classes.
The scale of the reversal remains modest against the backdrop of nearly $9.5 billion withdrawn over the preceding two months. Daily inflow figures cited across the reports vary somewhat, with Bitcoin ETF totals ranging from roughly $90 million to $200 million depending on the day and source, and Ethereum ETF inflows ranging from about $18 million to $84 million.
What remains unclear is whether this week's inflows mark a sustained change in investor positioning or a single-week correction within a longer outflow trend. No data beyond this week's tallies has been provided to indicate whether the pace of inflows continued into the following week, and the underlying drivers of the reversal have not been detailed in the available reporting.