US-listed spot Bitcoin ETFs posted $197.4 million in net weekly inflows, ending an eight-week streak of withdrawals. The turnaround was narrow, though. Most of the positive flow came from BlackRock’s iShares Bitcoin Trust (IBIT), while several competing products continued to lose capital.
BlackRock carried the week while rivals stayed in redemption mode
IBIT led the group with $291.9 million in weekly inflows. At the same time, Grayscale’s GBTC recorded about $108.2 million in outflows, Fidelity’s FBTC saw roughly $93.4 million redeemed, and ARK 21Shares’ ARKB lost close to $15.3 million. The split shows investors were not broadly rotating back into the whole Bitcoin ETF segment; allocations were concentrated in selected products.
Since May 11, investors had withdrawn around $8.26 billion from US Bitcoin ETFs. The latest inflow recovers only about 2.4% of that amount. That leaves the latest reversal looking limited rather than decisive.
Daily flow data showed how fragile the rebound was
The week opened with a strong $265.7 million net inflow, then slowed sharply to $21.5 million the next day. Wednesday and Thursday together brought $180.2 million in outflows. A $90.4 million inflow on Friday was enough to keep the weekly total in positive territory.
That pattern suggests demand remains inconsistent. Bitcoin’s price rebound has not yet translated into steady ETF buying, and midweek redemptions erased a large part of the early strength.
Spot Ether ETFs also turned positive, but trading stayed subdued
US-listed spot Ether ETFs followed a similar path, recording $84.4 million in weekly inflows and ending their own eight-week outflow streak. Those products had previously lost about $1.2 billion over the earlier period. Combined, spot Bitcoin and spot Ether ETFs brought in $281.8 million in fresh capital during the week.
Trading volumes were much less convincing. Weekly turnover in Bitcoin ETFs reached $84.1 billion, the lowest normal five-day total since October 2025. Ether ETF volume fell to $20.5 billion, the weakest reading since May 2025. The report said analysts viewed the lower activity as a sign that many investors are still waiting for clearer direction before adding exposure.
June CPI release on July 14 is the next major marker
Even after this week’s inflows, Bitcoin ETFs remain down about $5.34 billion for the year, while Ether funds have posted roughly $1.35 billion in net outflows in 2026. The report also noted that August and September often bring weaker trading conditions, which could weigh on sentiment.
The next key date is July 14, when the Bureau of Labor Statistics releases the June US Consumer Price Index report. Market participants are watching whether a softer inflation reading would support risk appetite and extend fund inflows, or whether elevated inflation could trigger another round of outflows from crypto ETFs.