U.S. spot bitcoin and ether ETFs returned to weekly inflows from July 6 to July 10, ending eight straight weeks of redemptions. Bitcoin funds drew $197.4 million and ether funds $84.42 million, though the recovery stayed uneven as several large funds kept bleeding capital.
Spot bitcoin ETFs took in $197.4 million in net inflows for the week, snapping an eight-week outflow streak. Spot ether ETFs followed with $84.42 million in net inflows, also ending eight consecutive weeks of redemptions. After nearly two months of steady withdrawals, the turn handed investors the clearest sign yet that redemption pressure may be easing.
Blackrock's IBIT leads the bitcoin rebound
Bitcoin's recovery leaned on Blackrock's IBIT, which added $291.9 million for the week. Grayscale's Bitcoin Mini Trust drew $95.1 million, with smaller amounts through Morgan Stanley's MSBT, Vaneck's HODL, and Bitwise's BITB.
But the week was not clean. Grayscale's GBTC lost $108.2 million, while Fidelity's FBTC saw $93.4 million in outflows. The daily flows swung sharply too: bitcoin ETFs added $265.69 million on Monday before slipping into outflows midweek, then Friday sealed the reversal with $90.44 million in net inflows.
Ether shows stronger relative demand
Sosovalue 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 assets under management. The firm added that bitcoin's rebound to around $63,000 suggested demand near the $60,000 area remains resilient.
Ether followed a steadier path. 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. Ether also rose to around $1,780 as total net assets recovered from recent lows.
Altcoin ETFs stay mixed
The altcoin market split. Spot HYPE ETFs drew $10.36 million in net inflows despite a Friday outflow, and spot solana ETFs posted a modest $930,400 in net inflows. XRP ETFs were weaker, recording $7.18 million in net outflows.
The message was cautiously constructive. The recovery's durability will depend on whether inflation, employment data and Federal Reserve expectations continue to move in a more supportive direction.
Source: Bitcoin.com News
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