Bitcoin ETFs End 8-Week Outflow Streak with $197M Net Inflows

U.S. spot Bitcoin ETFs recorded net inflows of $197 million between the 6th and 10th of July, ending an eight-week outflow streak. On the 6th of July, ETFs posted $265.7 million in inflows, the largest single-day figure since early May, with BlackRock's IBIT leading at $209.4 million while Grayscale's GBTC recorded $44.5 million in outflows. The reversal followed two months of sustained capital withdrawals from Bitcoin exchange-traded products.

Bitcoin ETFs Record Daily Flow Fluctuations Between July 6th and 10th

On the 7th of July, inflows dropped to $21.5 million, with IBIT contributing $54.8 million and Fidelity's FBTC seeing $24.9 million in outflows. On the 8th of July, Bitcoin ETFs shifted back to outflows, with $84.9 million in withdrawals. On the 9th of July, outflows rose to $95.3 million. On the 10th of July, inflows resumed at $90.4 million.

Over the full week, IBIT recorded $351 million in total inflows, while GBTC logged $108.2 million in outflows and FBTC posted $103.1 million in outflows. Bitcoin's price fluctuated between $63,650 and $64,400 before settling at $62,758.75 as of writing.

Ethereum and Altcoin ETFs Post Mixed Performance During Same Period

Spot Ethereum ETFs recorded net inflows of $84.42 million, also ending an eight-week outflow streak. The only day with net outflows was the 9th of July, when investors withdrew $52.08 million as Ethereum fell to $1,748. BlackRock's ETHA recorded the highest inflows among Ethereum products, while Fidelity's FETH posted the largest outflows.

XRP ETFs reported $7.18 million in net outflows. HYPE ETFs logged $10.36 million in inflows, and Spot Solana ETFs recorded $930,400 in inflows.

FAQ

What caused Bitcoin ETFs to end their 8-week outflow streak?

U.S. spot Bitcoin ETFs recorded $197 million in net inflows between the 6th and 10th of July, with the 6th of July posting $265.7 million in inflows—the largest single-day figure since early May. BlackRock's IBIT led with $209.4 million on that day.

How did Ethereum ETFs perform during the same period?

Spot Ethereum ETFs recorded $84.42 million in net inflows, ending an eight-week outflow streak. The only outflow day was the 9th of July, when $52.08 million was withdrawn as Ethereum's price fell to $1,748.