Crypto ETFs continued to face headwinds on Thursday, July 8, 2026, as both Bitcoin and Ether funds recorded their second consecutive day of outflows. According to data, Bitcoin ETFs saw a net outflow of $90.19 million, while Ether ETFs suffered a steeper $136.41 million in withdrawals. Despite some positive inflows from select funds, the overall tone remained cautious.
Bitcoin ETFs: BlackRock's IBIT Leads Outflows, Grayscale Mini Trust Attracts Capital
Bitcoin ETFs posted a net outflow of $90.19 million, following Wednesday's outflow streak. The largest single contributor to the outflow was BlackRock's IBIT, which saw $38.25 million exit. Fidelity's FBTC followed with $26.02 million in withdrawals, while Bitwise's BITB lost $17.18 million. Ark & 21Shares' ARKB shed $15.16 million, and Grayscale's GBTC added another $5.47 million in outflows. On the positive side, Grayscale's Bitcoin Mini Trust attracted $4.66 million in inflows, Franklin's EZBC took in $4.06 million, and Valkyrie's BRRR added $3.17 million. Trading volume for Bitcoin ETFs remained robust at $3.21 billion, while net assets slipped to $90.83 billion.
Ether ETFs: BlackRock's ETHA Sees Over $100M Outflow, ETHB Flows Positive
Ether ETFs experienced a heavier toll, with total outflows reaching $136.41 million. BlackRock's ETHA was the primary driver, recording a massive $102.31 million withdrawal, accounting for roughly 75% of the day's total. Fidelity's FETH lost $11.76 million, Grayscale's Ether Mini Trust shed $8.52 million, and additional outflows were seen from VanEck's ETHV, Bitwise's ETHW, 21Shares' TETH, and Invesco's QETH. However, BlackRock's other Ether fund, ETHB, bucked the trend with an inflow of $7.72 million, extending a recent streak of resilience. Ether ETF trading volume reached $1.03 billion, with net assets closing at $12.46 billion.
Solana and XRP: Contrasting Activity
Beyond the two largest crypto assets, activity was limited. Solana ETFs managed a modest inflow of $767,010, driven entirely by Franklin's SOEZ fund. Trading volume for Solana ETFs was $27.81 million, with net assets standing at $876.13 million. In contrast, XRP ETFs saw no trading activity, with assets remaining flat at $1.21 billion, reflecting a market still searching for direction.
Market Sentiment: Selective Inflows Suggest Caution, Not Panic
Thursday's data reinforces a cautious tone in crypto ETF markets. While Bitcoin and Ether extended their outflow streaks, the presence of selective inflows into funds like Grayscale's Bitcoin Mini Trust, Franklin's EZBC, and BlackRock's ETHB indicates that investors are not fully abandoning the space. Solana's small but positive inflow provides a glimmer of hope. Overall, the market appears to be in a wait-and-see mode, with participants looking for clearer catalysts before committing capital.