Bitcoin and Ether ETFs Snap an Eight-Week Outflow Run
Spot bitcoin and ether exchange-traded funds took in a combined $281.8 million in the week to Friday, July 10, their first positive week after eight straight weeks of withdrawals. The Block and Bitcoin.com both carried the figure, working from SoSoValue data. Bitcoin funds accounted for $197.4 million of the total and ether funds for $84.4 million. The run that just ended had pulled $9.46 billion out of the two groups, so the rebound recovers only about 3% of what left. Volumes told a quieter story: bitcoin ETF turnover for the week was the lowest of any full week since October 2024.
On Friday, $86.83 million into IBIT and $16.20 million into ETHA
Friday's fund-level tape was narrow. BlackRock's IBIT drew $86.83 million and VanEck's HODL $3.61 million on the bitcoin side; on the ether side, BlackRock's ETHA took $16.20 million and Fidelity's FETH $2.23 million. Every other fund in both groups sat flat. The full week showed more churn under the net number, 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. That is money rotating between issuers as much as entering the asset class, and 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 instead of dollars, ether was the stronger side; its inflows equalled about 0.88% of ether ETF assets, more than three times bitcoin's flow intensity.
Two accounts of the same week
The $197.4 million bitcoin figure does not match every record of the 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 for the week ending Friday, puts $75.67 million on that week instead. The two accounts sit roughly $122 million apart. If the smaller bitcoin figure is the right one, the $281.8 million combined headline moves with it. The likeliest explanation is where each provider draws the weekly boundary, since flow data is stamped on settlement dates, not trade dates, and a single large day can land on either side of a cutoff. We could not establish which figure supersedes which. Neither account confirms the other, and both are on the record.
$8.41 billion of turnover, 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 look like sellers stepping back, not buyers stepping up — fewer 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.
One week against eight
One positive 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 now being tested is a long one. What would settle the question is a second and third positive week arriving on rising volume, with inflows spread across issuers instead of concentrated in one or two. Neither had happened as of July 11.