- Bitcoin ETFs logged $2.39 billion in inflows this week, continuing a six-week streak and boosting total inflows to $54.75 billion.
- BlackRock’s IBIT dominated inflows, adding $2.57 billion, while Grayscale’s GBTC and others saw minor outflows.
- Ethereum ETFs surged 140% week-over-week, posting their highest inflows since launch and maintaining a ten-week positive trend.
U.S. spot Bitcoin exchange-traded funds have posted $2.39 billion in net inflows during the week of July 14 to July 18. This marks the sixth consecutive week of inflows, bringing the total to $10.5 billion over the recent streak. The total net inflows since the ETF launch now stand at $54.75 billion, with these products holding a combined $152.4 billion in Bitcoin.
The inflows began with $297.4 million on Monday and climbed to $403 million on Tuesday. Wednesday saw the largest single-day addition with $799.4 million, followed by $522.6 million on Thursday. The week closed on Friday with $363.45 million in inflows.
BlackRock’s IBIT Leads with Majority of Capital Inflows
Among the twelve ETFs, BlackRock’s IBIT drew the highest investor interest, attracting $2.57 billion over the five days. Grayscale’s BTC and VanEck’s HODL followed with $41.9 million and $31 million, respectively. Smaller inflows were also reported across Bitwise’s BITB, Invesco’s BTCO, Franklin Templeton’s EZBC, and WisdomTree’s BTCW, totaling $35 million.
Despite the overall positive flow, a few funds experienced net outflows. Grayscale’s GBTC, ARK 21Shares’s ARKB, and Fidelity’s FBTC posted a combined outflow of $290.8 million. However, this was not enough to shift the broader upward trend.
Ethereum ETFs Also Report Surging Weekly Inflows
The spot Ethereum ETFs also saw strong investor demand. These funds recorded $2.18 billion in weekly inflows, a 140% increase from the previous week. This surge marks the highest since their inception and extends the streak to ten straight weeks, bringing total inflows to over $5 billion.
While Ethereum rose 25% over the week, climbing back above $3,800 for the first time since December, Bitcoin slipped by 2.2%. The Bitcoin price currently faces selling pressure as traders continue to secure profits around its previous highs.
