U.S. spot bitcoin and ether exchange-traded funds returned to weekly net inflows for the first time since early May, collecting a combined $281.8 million over the five trading days ending Friday, according to The Block’s analysis of SoSoValue data.
The spot bitcoin (BTC) ETFs posted approximately $197.4 million in net inflows for the week, ending an eight-week run that had drained about $8.26 billion from the products. The funds last recorded a positive week in the five days ending May 8, when they brought in roughly $622.7 million, per the data.
The losing streak was the longest since the funds began trading in January 2024. The Block reported last weekend that the holiday-shortened week ending July 2 produced about $527 million in outflows, extending the run to eight weeks despite a large inflow on the final trading day.
Last week began with a $265.69 million inflow on Monday, followed by a smaller $21.44 million addition Tuesday. Investors then pulled a combined $180.16 million on Wednesday and Thursday before the funds recovered with $90.44 million in net inflows Friday.
Monday’s inflow alone exceeded the eventual weekly total, underscoring the limited size of the reversal. Friday’s inflows were also concentrated in just two products: BlackRock’s industry-leading iShares Bitcoin Trust (IBIT) took in $86.83 million, while VanEck’s HODL added $3.61 million. The remaining bitcoin funds reported no net flows.
