Green Indicators Reappear
U.S. spot bitcoin ETFs recorded $90.44 million in combined net inflows on Friday, July 10, while spot ether ETFs pulled in $18.43 million. The twin readings capped a tumultous stretch of trading and handed the bitcoin funds their first green week since May.
Blackrock’s iShares Bitcoin Trust (IBIT) did the heavy lifting, drawing $86.83 million of the day’s total, while Vaneck’s HODL fund added $3.61 million. On the ether side, Blackrock’s ETHA and Fidelity’s FETH remain the category’s dominant products.
The week opened strong, with $265.69 million flowing into bitcoin funds on July 6, behind a $209.40 million haul for IBIT. The mood then reversed as bitcoin ETFs shed $84.9 million on July 8 even as ether products drew $70.5 million for a fifth straight positive day. July 9 was worse still, pairing a $95.30 million bitcoin exit with a $52.08 million ether outflow that snapped that streak. Friday’s rebound flipped the weekly tally back into positive territory.
Both bitcoin and ether products finished the day in the green, a pattern flow-watchers read as re-engagement with crypto as an asset class rather than a bitcoin-only bounce.
Digging Out of a Record June
The month of June saw roughly $4 billion leave U.S. spot bitcoin ETFs, the largest monthly withdrawal since the products launched in January 2024. That period included a 10-day outflow streak totaling $2.73 billion, which ended in early July when a $222 million rebound led by Fidelity’s FBTC broke the run.
Even after the bleeding, cumulative net inflows since launch stand near $51.3 billion, showing just how much capital remains committed to the structure. The funds’ assets have become a key barometer of institutional appetite for bitcoin exposure through traditional brokerage accounts.
Price action has followed the flows with bitcoin currently changing hands near $64,100, up 1.39% over 24 hours, as the total market capitalization of the crypto industry has climbed to $2.28 trillion. The rebound has retraced part of the slide from October 2025, when bitcoin peaked around $126,000 before falling by roughly half.
The next test arrives Monday, when fresh flow data will show whether the tiptoe back becomes a stride. A second consecutive green week would strengthen the case that June marked the bottom for institutional sentiment.
news.bitcoin.com