Key Takeaways
- • Crypto ETFs recorded inflows for a second consecutive week, with Ethereum ETFs accounting for 58% of total flows ($402.5M of $766M), significantly outpacing Bitcoin ETF inflows of $363.45M.
- • Ethereum ETFs posted eight consecutive days of inflows, marking their longest winning streak in recent periods, following a five-week withdrawal cycle that totaled over $1.38B in outflows.
- • Bitcoin ETFs broke a record eight-week outflow streak (which drained $8.2B–$9.46B total) with $282M in net inflows last week, signaling potential reversal in investor sentiment after the longest consecutive outflow period in spot crypto ETF history.
- • Ether ETFs recorded two consecutive weeks of positive flows (~$80M followed by ~$23.56M) after enduring five weeks of significant redemptions, demonstrating sector-wide recovery in institutional demand.
- • The shift to inflows follows weak U.S. jobs data that reduced Federal Reserve rate hike expectations, with Bitcoin recovering from lows below $58K to $63,150 as macroeconomic tailwinds returned to risk assets.
Summary
U.S. spot cryptocurrency ETFs have reversed course after an extended redemption cycle, attracting inflows for a second consecutive week as of mid-July 2026. The turning point marks a significant inflection in investor sentiment, particularly for Ethereum-focused products, which have commanded outsized demand relative to Bitcoin ETFs during this recovery phase.
Ethereum ETFs have emerged as the clear focal point of renewed institutional interest, capturing $402.5M in inflows and representing 58% of total crypto ETF flows during the recent two-week window. This dominance reflects a notable shift from earlier weakness, as Ethereum ETFs had endured five consecutive weeks of outflows exceeding $1.38B before reversing course. The rebound is particularly pronounced when measured by consecutive daily inflows: Ethereum ETFs logged eight straight days of positive flows, the longest winning streak observed in recent periods. In contrast, Bitcoin ETFs attracted $363.45M over the same period, bringing total crypto ETF inflows to approximately $766M.
The broader recovery arrives after an unprecedented outflow drought. Bitcoin ETFs had experienced eight consecutive weeks of net redemptions totaling between $8.2B and $9.46B—the longest such streak in spot crypto ETF history, surpassing the previous five-week record. During the shortened holiday week of June 29–July 3, Bitcoin ETFs posted outflows of $526.64M, though a single-day inflow of $221.72M on July 2 provided a temporary reprieve before the week closed in negative territory. This eight-week episode represented systemic pressure across the institutional crypto investment vehicle segment, with year-to-date Bitcoin ETF losses reaching $5.53B.
The reversal correlates with improved macroeconomic conditions. Weak U.S. employment data lowered market expectations for aggressive Federal Reserve rate increases, restoring risk appetite across alternative asset classes. Bitcoin recovered from intraday lows below $58K to stabilize near $63,150, providing technical support for sustained inflows. However, market analysts have flagged rising cryptocurrency exchange deposits as a potential harbinger of near-term volatility, suggesting caution despite the positive flow momentum.
The two-week inflow pattern represents an important technical and sentiment indicator for institutional allocators monitoring spot crypto exposure. The magnitude of Ethereum's outperformance—capturing nearly 60% of total flows—suggests differentiated institutional demand for the second-largest cryptocurrency by market capitalization, potentially reflecting Ethereum's superior technical narratives or reduced regulatory concerns relative to Bitcoin during this evaluation period.
Ethereum ETFs have emerged as the clear focal point of renewed institutional interest, capturing $402.5M in inflows and representing 58% of total crypto ETF flows during the recent two-week window. This dominance reflects a notable shift from earlier weakness, as Ethereum ETFs had endured five consecutive weeks of outflows exceeding $1.38B before reversing course. The rebound is particularly pronounced when measured by consecutive daily inflows: Ethereum ETFs logged eight straight days of positive flows, the longest winning streak observed in recent periods. In contrast, Bitcoin ETFs attracted $363.45M over the same period, bringing total crypto ETF inflows to approximately $766M.
The broader recovery arrives after an unprecedented outflow drought. Bitcoin ETFs had experienced eight consecutive weeks of net redemptions totaling between $8.2B and $9.46B—the longest such streak in spot crypto ETF history, surpassing the previous five-week record. During the shortened holiday week of June 29–July 3, Bitcoin ETFs posted outflows of $526.64M, though a single-day inflow of $221.72M on July 2 provided a temporary reprieve before the week closed in negative territory. This eight-week episode represented systemic pressure across the institutional crypto investment vehicle segment, with year-to-date Bitcoin ETF losses reaching $5.53B.
The reversal correlates with improved macroeconomic conditions. Weak U.S. employment data lowered market expectations for aggressive Federal Reserve rate increases, restoring risk appetite across alternative asset classes. Bitcoin recovered from intraday lows below $58K to stabilize near $63,150, providing technical support for sustained inflows. However, market analysts have flagged rising cryptocurrency exchange deposits as a potential harbinger of near-term volatility, suggesting caution despite the positive flow momentum.
The two-week inflow pattern represents an important technical and sentiment indicator for institutional allocators monitoring spot crypto exposure. The magnitude of Ethereum's outperformance—capturing nearly 60% of total flows—suggests differentiated institutional demand for the second-largest cryptocurrency by market capitalization, potentially reflecting Ethereum's superior technical narratives or reduced regulatory concerns relative to Bitcoin during this evaluation period.
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