Bitcoin and Ether ETFs Snap an Eight-Week Outflow Run
Spot bitcoin and ether exchange-traded funds took in a combined $281.8 million over the week to Friday, July 10, their first positive week after eight consecutive weeks of withdrawals, The Block and Bitcoin.com reported using SoSoValue data. Bitcoin funds accounted for $197.4 million of the total and ether funds for $84.4 million. The eight-week run that ended had pulled $9.46 billion out of the two groups of funds, so the rebound recovers only about 3% of what left. Trading volumes told a quieter story than the flows: bitcoin ETF turnover for the week was the lowest of any full week since October 2024.
The Flows: $86.83M into IBIT on Friday, $16.20M into ETHA
Friday's fund-level numbers were narrow. BlackRock's IBIT took $86.83 million and VanEck's HODL $3.61 million on the bitcoin side; on the ether side, BlackRock's ETHA drew $16.20 million and Fidelity's FETH $2.23 million. Every other fund in both groups was flat. Across the full week the second account showed more churn underneath the net figure, with IBIT up $291.9 million and Grayscale's Bitcoin Mini Trust up $95.1 million against outflows of $108.2 million from GBTC and $93.4 million from FBTC — money rotating between issuers as much as entering the asset class. That is a different texture from the daily flow picture earlier in the week, when a three-day bitcoin inflow run of roughly $509 million broke on Wednesday with a net redemption. Measured against assets rather than in dollars, ether was the stronger side: its inflows equalled about 0.88% of ether ETF assets, more than three times bitcoin's flow intensity.
The Conflict: Two Accounts of the Same Week
The $197.4 million bitcoin figure does not match every record of the same period. The Block and Bitcoin.com both place $197.4 million of spot bitcoin ETF net inflows on the week ended July 10. A separate weekly tally of the identical series — spot bitcoin ETF net flows, week ending Friday — puts $75.67 million on that week instead. Both describe the same funds over what is nominally the same seven days, and they differ by roughly $122 million, which also means the $281.8 million combined headline moves if the smaller bitcoin figure is the right one. The likely explanation is where each provider draws the weekly boundary, since flow data is stamped on settlement rather than trade dates and a single large day can land on either side of a cutoff. No reconciliation is offered here; the accounts differ, and both are on the record.
The Volumes: $8.41B in Bitcoin Funds, the Thinnest Full Week Since October 2024
Turnover is the part that complicates a recovery reading. Bitcoin ETF volume for the week came to $8.41 billion, the lowest for any complete week since October 2024, and ether ETF volume was $2.05 billion, the lowest since May 2025. Net inflows arriving on the thinnest tape in nearly two years suggest sellers stepped back rather than buyers stepping up — a smaller number of participants moving a smaller amount of stock. Prices sat in the same holding pattern, with bitcoin near $64,300 and ether near $1,810 on Saturday morning.
What Is Unresolved: One Positive Week Against Eight Negative Ones
One week does not undo eight, and the arithmetic is stark: $281.8 million recovered against $9.46 billion withdrawn. The redemptions began in mid-May and had already hardened into a 13-session outflow streak worth $4.37 billion by early June, so the pattern being tested now is a long one. What would settle the question is a second and third positive week arriving on rising volume rather than falling volume, and inflows spread across issuers rather than concentrated in one or two. Neither had happened by July 11.