What's happening with Bitcoin and Ethereum ETFs today: flow analysis

The Bitcoin ETF market is gradually recovering after a rough summer: the funds have logged a second straight week of net inflows following nearly two months of continuous outflows. Meanwhile, Ethereum ETFs are unexpectedly outpacing Bitcoin funds in inflow growth. Here's the current picture across both asset classes.

Bitcoin ETFs: inflows are back, but still modest

The 13 spot Bitcoin ETFs attracted $75.7 million last week, adding to the $197.4 million secured the previous week — a second consecutive week of inflows after nearly two months of outflows. Over the past two weeks, roughly $273 million has flowed into the funds, breaking an eight-week streak of outflows totaling more than $8 billion. Analysts note the scale is still too small to confirm a full return of institutional demand.

From July 14 to 17, the funds logged a four-day inflow streak as bitcoin tested resistance near $64,000: net inflows hit $181 million on July 14 (with BlackRock's IBIT contributing $139 million), followed by roughly $108 million on July 15, $79 million on July 16, and $132 million on July 17.

Individual days remain volatile: on July 13, investors pulled $424.7 million from the funds amid renewed military conflict between the US and Iran — a reminder that ETF capital flows remain highly sensitive to geopolitical news. The year-to-date net outflow figure for Bitcoin ETFs remains negative, at roughly $5.8 billion.

Ethereum ETFs are growing even faster

Ethereum funds brought in $105.44 million for the week ending July 17 — notably outpacing Bitcoin ETFs in growth rate. The acceleration started earlier: in just the first three trading days of that week, inflows already hit $96 million, surpassing the previous week's full total of $84 million. On one day, BlackRock's ETHA alone brought in $45.3 million of the $53.8 million in total inflows across the market.

The week before, ending July 11, Ethereum ETFs logged about $84.42 million in net inflows — the best weekly result since late April and the first positive week after an eight-week outflow streak. Month-to-date, BlackRock's ETHA has brought in over $135 million total, while FETH was the outflow leader among Ethereum funds for the week, at -$21.56 million.

What's behind the rising demand for Ethereum

Analysts link part of the inflow surge into Ethereum ETFs to rising network activity — for example, Robinhood Chain, launched July 1, already processes over $800 million in daily decentralized exchange volume and uses ETH to pay network fees, reinforcing institutional interest in the underlying asset.

What this means for the market

The return of inflows across both ETF classes is a sign of cautious demand recovery, but far from confirmation of a durable trend: year-to-date figures for Bitcoin funds remain negative, and individual days continue to show sharp outflows tied to news events. Analysts broadly agree that a confident read requires inflows to hold for several consecutive weeks, not just one or two.

This material is for informational purposes only and is not investment advice.