Key Takeaways
- • Bitcoin and Ethereum ETFs reversed an eight-week outflow streak in the week ending July 10, 2026, with Bitcoin funds drawing $197.40 million and Ethereum funds adding $84.42 million in net inflows, marking the first positive week since mid-May.
- • Cumulative inflows across multiple reporting periods reached $857.9 million as Bitcoin price recovered above $80,000 and Ethereum topped $4,400, driven by Federal Reserve Chair Kevin Warsh's comments on reduced inflation risks and a weak jobs report.
- • BlackRock's IBIT, the world's largest Bitcoin ETF, demonstrated institutional strength with seven consecutive days of net inflows, anchoring the broader recovery in spot crypto products.
- • Bitcoin net assets climbed to $77.42 billion by July 10 while Ethereum assets recovered to $9.59 billion, following redemptions that had peaked at $1.79 billion for Bitcoin and $273.34 million for Ethereum during the June 26 outflow period.
- • Daily volatility persisted with Bitcoin ETFs losing $95.30 million on July 9 and $84.86 million on July 8 following U.S. military strikes on Iran, indicating that geopolitical risk and macroeconomic conditions remain critical drivers of institutional capital flows.
Summary
Spot Bitcoin and Ethereum exchange-traded funds reversed a punishing two-month redemption cycle in the week ending July 10, 2026, signaling renewed institutional appetite for crypto exposure following a broader price recovery. According to SoSoValue data, Bitcoin funds attracted $197.40 million in net inflows while Ethereum funds added $84.42 million, ending eight consecutive weeks of net outflows that had begun on May 15. The turnaround was accompanied by a significant recovery in asset bases, with Bitcoin ETF net assets reaching $77.42 billion and Ethereum assets climbing to $9.59 billion by mid-July.
The reversal came as cryptocurrency prices rebounded amid macro headwinds easing. Bitcoin recovered above $80,000 and Ethereum surpassed $4,400 following comments from Federal Reserve Chair Kevin Warsh indicating that inflation risks had diminished, paired with a weaker-than-expected employment report. Broader inflow data showed weekly crypto ETF funds drawing $857.9 million in total inflows, with Bitcoin ETFs notching a four-week positive streak and spot Bitcoin ETFs recording their first positive weekly flows since May. BlackRock's IBIT, the world's largest Bitcoin ETF, demonstrated institutional demand with seven consecutive days of net inflows, providing a structural floor to the recovery.
However, the renewed inflow momentum remained vulnerable to geopolitical shocks and daily volatility. Bitcoin ETFs posted significant redemptions on July 8 and July 9, losing $84.86 million and $95.30 million respectively, following U.S. military strikes on Iran. The episode underscored that while price recovery and Fed policy shifts support inflows, broader geopolitical tensions—particularly Middle East developments where President Trump stated the U.S. and Iran had restarted talks after declaring the prior month's ceasefire concluded—could quickly reverse institutional positioning.
The recovery from June's peak outflows, when Bitcoin funds shed $1.79 billion in a single week and Ethereum funds lost $273.34 million, reflects a cautious reengagement by institutions rather than sustained conviction. Momentum had begun building early in July, with Bitcoin ETFs drawing $221.72 million on July 2 and ending a 10-day redemption streak, providing early signals of potential reversal before weekly totals confirmed the inflection. The sustainability of these inflows will depend on whether macroeconomic conditions stabilize and geopolitical risk recedes from current elevated levels.
The reversal came as cryptocurrency prices rebounded amid macro headwinds easing. Bitcoin recovered above $80,000 and Ethereum surpassed $4,400 following comments from Federal Reserve Chair Kevin Warsh indicating that inflation risks had diminished, paired with a weaker-than-expected employment report. Broader inflow data showed weekly crypto ETF funds drawing $857.9 million in total inflows, with Bitcoin ETFs notching a four-week positive streak and spot Bitcoin ETFs recording their first positive weekly flows since May. BlackRock's IBIT, the world's largest Bitcoin ETF, demonstrated institutional demand with seven consecutive days of net inflows, providing a structural floor to the recovery.
However, the renewed inflow momentum remained vulnerable to geopolitical shocks and daily volatility. Bitcoin ETFs posted significant redemptions on July 8 and July 9, losing $84.86 million and $95.30 million respectively, following U.S. military strikes on Iran. The episode underscored that while price recovery and Fed policy shifts support inflows, broader geopolitical tensions—particularly Middle East developments where President Trump stated the U.S. and Iran had restarted talks after declaring the prior month's ceasefire concluded—could quickly reverse institutional positioning.
The recovery from June's peak outflows, when Bitcoin funds shed $1.79 billion in a single week and Ethereum funds lost $273.34 million, reflects a cautious reengagement by institutions rather than sustained conviction. Momentum had begun building early in July, with Bitcoin ETFs drawing $221.72 million on July 2 and ending a 10-day redemption streak, providing early signals of potential reversal before weekly totals confirmed the inflection. The sustainability of these inflows will depend on whether macroeconomic conditions stabilize and geopolitical risk recedes from current elevated levels.
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