U.S. spot bitcoin ETFs drew $90.44 million on July 10, sealing their first weekly net inflow since May. BlackRock's IBIT supplied the bulk of the daily total, and ether funds added their own gains, signaling renewed institutional appetite after a tumultuous June.
U.S. spot bitcoin ETFs pulled in $90.44 million on Friday, July 10, enough to hand the funds their first green week since May. Ether products added $18.43 million the same day.
BlackRock's iShares Bitcoin Trust did the heavy lifting, drawing $86.83 million of the day's total. VanEck's HODL fund added $3.61 million. Both bitcoin and ether products finished the day in positive territory, a pattern flow-watchers read as re-engagement with crypto as an asset class rather than a bitcoin-only bounce.
A volatile week before Friday's rebound
The week opened strong, with $265.69 million flowing into bitcoin funds on July 6. But the mood then reversed, as bitcoin ETFs shed $84.9 million on July 8 even while ether products kept climbing. July 9 was worse still, pairing a $95.30 million bitcoin exit with a $52.08 million ether outflow. Friday's rebound flipped the weekly tally back into positive territory.
June's record outflows
The recovery follows a punishing stretch. June saw roughly $4 billion leave U.S. spot bitcoin ETFs, the largest monthly withdrawal since the products launched in January 2024. That period included a 10-day outflow streak totaling $2.73 billion, which ended in early July when a $222 million rebound led by Fidelity's FBTC broke the run.
Even after the bleeding, cumulative net inflows since launch stand near $51.3 billion, a measure of how much capital remains committed. The funds have become a key barometer of institutional appetite for bitcoin exposure through traditional brokerage accounts.
Price action has followed the flows, with bitcoin changing hands near $64,100, up 1.39% over 24 hours, as the total crypto market capitalization climbed to $2.28 trillion. Fresh flow data arrives Monday, and a second consecutive green week would strengthen the case that June marked the bottom for institutional sentiment.
Source: Bitcoin News
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