U.S. spot Bitcoin ETFs saw $11.6M net outflows on July 27 while Ethereum ETFs posted $9.2M inflows, with BlackRock's IBIT and ETHA leading respective flows.
Macro & Markets ·
On July 27, U.S. spot Bitcoin ETFs experienced net outflows of $11.64 million, according to SoSoValue, with BlackRock's IBIT fund accounting for $8.82 million of that decline. In contrast, spot Ethereum ETFs drew $9.23 million in net inflows over the same period, driven primarily by $11.75 million into BlackRock's ETHA.
The divergent flows reflect different investor sentiment between the two largest crypto assets at the time. BlackRock, which manages $15.3 trillion in assets as of June, led inflows in Ethereum while its Bitcoin product saw the largest outflow among all spot Bitcoin funds tracked that day.
The magnitude of these single-day moves remains modest relative to the overall crypto ETF ecosystem, and the data does not indicate whether the Bitcoin outflows represent profit-taking, rebalancing, or broader market concerns.