Key Takeaways
- • Bitcoin and Ethereum spot ETFs reversed eight consecutive weeks of net outflows in the week ending July 10, 2026, with Bitcoin attracting $197.40 million and Ethereum drawing $84.42 million in inflows according to SoSoValue data.
- • The turnaround represents a significant inflection point after a punishing two-month redemption cycle that had peaked with Bitcoin outflows of $1.79 billion in the week ending June 26 and Ethereum outflows of $273.34 million in the same period.
- • Bitcoin spot ETF net assets recovered to $77.42 billion and Ethereum assets climbed to $9.59 billion by July 10, demonstrating material capital restoration following the extended outflow period.
- • Inflows coincided with a broader cryptocurrency price recovery driven by Federal Reserve Chair Kevin Warsh's comments on diminishing inflation risks and a weak jobs report, though daily flows remained volatile amid geopolitical tensions following US strikes on Iran.
- • The sustainability of the inflow streak remains contingent on macroeconomic conditions and Middle East geopolitical stability, as volatility persisted with Bitcoin ETFs posting daily outflows of $95.30 million on July 9 and $84.86 million on July 8.
Summary
Bitcoin and Ethereum spot exchange-traded funds reversed a punishing eight-week outflow streak in the week ending July 10, 2026, marking the first positive inflow week for both products since mid-May. Bitcoin spot ETFs attracted $197.40 million in net inflows while Ethereum ETFs drew $84.42 million, according to SoSoValue data. This reversal comes after a sustained period of redemptions that had drained billions from these products over the preceding two months.
The magnitude of the prior outflow period underscores the significance of the current reversal. Bitcoin ETFs experienced consistent weekly redemptions beginning May 15, with outflows peaking at $1.79 billion during the week ending June 26. Ethereum funds followed an identical redemption pattern, with their heaviest outflow week occurring June 26 when $273.34 million exited the funds. The cumulative effect had depressed asset levels substantially before the week of July 10.
With the latest inflow reversal, both products recovered meaningful capital. Bitcoin spot ETF net assets climbed to $77.42 billion by July 10, while Ethereum net assets recovered to $9.59 billion. Momentum had already begun building earlier in July, with spot Bitcoin ETFs drawing $221.72 million on July 2 and breaking a 10-day redemption run before the weekly figures turned positive.
The inflows arrived against a backdrop of cryptocurrency price recovery driven primarily by macroeconomic factors. Federal Reserve Chair Kevin Warsh's comments regarding decreased inflation risks, combined with a weak jobs report, supported broader risk-asset recovery. However, this recovery remains fragile. Daily flows demonstrated continued volatility, with Bitcoin ETFs posting significant redemptions of $95.30 million on July 9 and $84.86 million on July 8 following US military strikes on Iran. President Trump's statement that the US and Iran agreed to continue talks while declaring the previous month's ceasefire concluded introduces ongoing geopolitical uncertainty.
The trajectory of these inflows remains dependent on both macroeconomic conditions and Middle East geopolitical developments, with regional tensions identified as a key variable for cryptocurrency flows in the near term.
The magnitude of the prior outflow period underscores the significance of the current reversal. Bitcoin ETFs experienced consistent weekly redemptions beginning May 15, with outflows peaking at $1.79 billion during the week ending June 26. Ethereum funds followed an identical redemption pattern, with their heaviest outflow week occurring June 26 when $273.34 million exited the funds. The cumulative effect had depressed asset levels substantially before the week of July 10.
With the latest inflow reversal, both products recovered meaningful capital. Bitcoin spot ETF net assets climbed to $77.42 billion by July 10, while Ethereum net assets recovered to $9.59 billion. Momentum had already begun building earlier in July, with spot Bitcoin ETFs drawing $221.72 million on July 2 and breaking a 10-day redemption run before the weekly figures turned positive.
The inflows arrived against a backdrop of cryptocurrency price recovery driven primarily by macroeconomic factors. Federal Reserve Chair Kevin Warsh's comments regarding decreased inflation risks, combined with a weak jobs report, supported broader risk-asset recovery. However, this recovery remains fragile. Daily flows demonstrated continued volatility, with Bitcoin ETFs posting significant redemptions of $95.30 million on July 9 and $84.86 million on July 8 following US military strikes on Iran. President Trump's statement that the US and Iran agreed to continue talks while declaring the previous month's ceasefire concluded introduces ongoing geopolitical uncertainty.
The trajectory of these inflows remains dependent on both macroeconomic conditions and Middle East geopolitical developments, with regional tensions identified as a key variable for cryptocurrency flows in the near term.
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