U.S. spot Bitcoin ETFs recorded net inflows of $197 million between July 6 and 10, breaking an eight-week outflow streak. BlackRock’s IBIT led with $209.4 million on July 6, while Grayscale’s GBTC posted the largest outflows. The momentum shifted throughout the week, with inflows resuming on July 10. Ethereum ETFs also ended an eight-week outflow streak, while XRP ETFs saw net outflows.
U.S. spot Bitcoin ETFs recorded net inflows of $197 million between July 6 and 10, breaking an eight-week outflow streak. On July 6 alone, ETFs posted $265.7 million in inflows, the largest since early May.
BlackRock’s IBIT led with $209.4 million in inflows that day, while Grayscale’s GBTC posted the largest outflows at $44.5 million. However, on July 7, inflows dropped to $21.5 million, with IBIT contributing $54.8 million and Fidelity’s FBTC seeing $24.9 million in outflows.
On July 8, BTC ETFs shifted back to outflows, with $84.9 million in withdrawals. Similarly, on July 9, outflows further rose to $95.3 million. On July 10, however, inflows resumed, with BTC ETFs seeing an influx of $90.4 million.
With $351 million in inflows, IBIT triumphed over the past week, while GBTC recorded the highest outflows of $108.2 million, followed by FBTC with $103.1 million. While ETF flows shifted, Bitcoin’s price swung between $63,650 and $64,400 before settling at $62,758.75.
The volatility was insufficient to show whether the price was being driven up by the ETFs or whether the price was the factor that caused ETFs to move from outflows to inflows. While Bitcoin ETFs experienced inflows, spot Ethereum ETFs saw a similar pattern, with net inflows of $84.42 million, ending eight weeks of outflows.
The only day with net sales was July 9, when investors offloaded $52.08 million as Ethereum fell to $1,748. In this case as well, the highest inflows were seen by BlackRock’s ETHA, while the highest outflows were recorded by Fidelity’s FETH.
XRP ETFs reported $7.18 million in net outflows, whereas HYPE ETFs and Spot Solana ETFs both managed to log $10.36 million and $930,400 in inflows, respectively.
