US spot Bitcoin and ether ETFs recorded a combined net inflow of roughly $282 million during the week of July 7-11, ending what had become the longest consecutive outflow streak in the short history of these products. Eight straight weeks of redemptions had drained an estimated $9.46 billion from the two asset classes combined.
The numbers behind the turnaround
The momentum actually started building before the calendar flipped to the new week. Single-day inflows peaked between $221.72 million and $265.69 million around July 2, offering the first real sign that institutional appetite was returning after a prolonged hibernation.
Fidelity’s FBTC led the charge on the Bitcoin side. BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, also played a significant role in the reversal, as did its ether counterpart ETHA.
The prior eight-week outflow streak surpassed the previous record of five consecutive weeks of net redemptions from Bitcoin ETFs. Nearly $9.5 billion leaving these products in two months tends to get people’s attention.
