Physical Bitcoin and Ether tokens for a story about U.S. spot crypto ETF inflows.

Bitcoin and Ether ETFs Finally Break the Eight-Week Slide

July 11, 2026 12:32 pm Comments

For the first time in more than two months, both sides of the U.S. spot crypto ETF market finished the same week in the green.

Spot Bitcoin and Ether exchange-traded funds pulled in a combined $281.8 million during the week ending July 10, breaking matching eight-week outflow streaks that began after May 8.

It is a real reversal. It is not yet a full recovery.

A The Block report says Bitcoin funds took in $197.4 million for the week, their first positive result since May 8. Ether funds added another $84.4 million and ended an eight-week slide of their own.

The dry spell had been brutal. Investors pulled $8.26 billion from the Bitcoin products and $1.20 billion from the Ether products during the prior eight weeks, for a combined $9.46 billion in net redemptions.

That puts the rebound in perspective. The new money replaced only about 3% of what left during the losing streak.

Bitcoin’s streak was the longest on record. Ether’s matched its own record, and both categories remained deeply negative for the year even after the new inflows.

The report puts 2026 net flows at negative $5.34 billion for Bitcoin ETFs and negative $1.35 billion for Ether ETFs. One positive week changed the direction of travel without erasing the deficit.

The weekly total also hides a choppy path. The Farside Investors Bitcoin table shows $265.7 million arriving Monday and another $21.5 million Tuesday, leaving the group up $287.2 million before the reversal began.

The funds then lost $84.9 million Wednesday and $95.3 million Thursday before closing Friday with a $90.4 million inflow. Those two losing sessions erased $180.2 million of the early gain.

By Thursday’s close, the group had retained only $107 million of its early-week gain. Friday supplied the remaining $90.4 million, or nearly 46% of the final weekly total.

BlackRock’s IBIT supplied $86.8 million of Friday’s Bitcoin total. VanEck’s HODL added $3.6 million, while every other listed spot Bitcoin fund was flat for the session.

No Bitcoin fund posted a Friday outflow to offset those two gains. The clean finish mattered after back-to-back losses had put the weekly streak reversal at risk.

The table therefore shows both a broad weekly change and a narrow final push. Demand returned strongly enough to turn the week positive, but it remained concentrated in a small group of products.

The full weekly split was just as concentrated. IBIT brought in $291.9 million, more than the entire group’s net gain.

Fidelity’s FBTC lost $93.4 million and Grayscale’s GBTC lost $108.2 million, while Grayscale’s lower-fee BTC fund added $95.1 million.

VanEck’s HODL finished the week with $9 million, Bitwise’s BITB added $5.1 million, and MSBT added $13.2 million. ARKB lost $15.3 million, while BTCO, EZBC, BRRR, and BTCW reported no net flow.

In other words, the market did not turn because every issuer suddenly began collecting cash. A few strong products overcame continued selling elsewhere.

The Ether side reached the same positive finish by a different route. It logged four inflow days, including $70.5 million on Wednesday, absorbed a $52.1 million reversal Thursday, and still recovered with $18.4 million Friday.

The Farside Investors Ether table shows BlackRock’s ETHA contributing $16.2 million on Friday and Fidelity’s FETH adding $2.2 million. The other eight funds reported no net movement, so those two products supplied the entire Friday gain.

Friday’s Ether result was modest, but it mattered because Thursday could have turned a promising week into another failure. Instead, the category found enough demand to protect its first weekly gain since early May.

Bitcoin ETF net assets stood at $77.42 billion, backed by $51.28 billion in cumulative net inflows since the products launched. Ether ETF net assets were $9.59 billion, about $1.38 billion below their $10.97 billion in cumulative net inflows.

Trading activity offers another reason to stay measured. Bitcoin ETF volume totaled $8.41 billion for the week, the lowest full-week figure since October 2024.

Ether ETF volume was $2.05 billion, its lowest full week since May 2025.

Low turnover can cut both ways. It may mean the heavy redemption wave is losing force, but it also means this rebound did not arrive with broad, aggressive trading.

What changed this week is simple: the relentless selling finally stopped long enough for both categories to post a win at the same time.

One week cannot establish a durable institutional comeback. It can, however, mark the first crack in a trend that had held for two straight months.

The next test is whether the funds can build on the gain without relying on one or two issuers to carry the entire market.

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