U.S. Bitcoin ETFs Swing to Net Outflows as Ether Funds Extend Inflow Streak

US spot cryptocurrency ETFs have become a key channel for institutions allocating capital to digital assets, and their fund flows are often viewed as a gauge of market risk appetite. Bitcoin products command the most assets, but persistent redemption pressure on Grayscale’s legacy GBTC contrasts sharply with inflows into newer products from BlackRock and others.

On Monday, July 20, US spot Bitcoin ETFs recorded combined net outflows of $64 million, driven mainly by $124 million in net outflows from Grayscale’s GBTC. BlackRock’s IBIT still attracted $66 million in net inflows. Over the same period, spot ETFs for Ether, XRP, Solana and Hyperliquid all posted net inflows.

U.S. spot Bitcoin ETFs have served as Wall Street’s main conduit for crypto demand since their January 2024 launch. The sustained withdrawals suggest risk appetite is shifting as AI and semiconductor stocks rally. However, Bloomberg analysts said most existing investors have stayed put and that some of the outflows may reflect the unwinding of arbitrage trades.

The selloff initially set a record with about $2.8 billion in net outflows over nine consecutive trading days, including $1.3 billion in a single week. The streak later extended to 13 trading days, with cumulative outflows reaching $4.4 billion. Bitcoin briefly fell below $70,000, while concerns that Strategy might sell its holdings fueled volatility. Some analysts nevertheless view the persistent outflows as a contrarian indicator that the market may be approaching a local bottom.

The U.S. Securities and Exchange Commission approved spot Bitcoin and Ether ETFs in January and July 2024, respectively, giving investors access to crypto exposure through traditional brokerages. Creations and redemptions in these products affect fund holdings and market liquidity, making daily flows at major firms such as BlackRock and Fidelity an important gauge of institutional demand and pressure on crypto prices.

According to SoSoValue, spot Bitcoin ETFs recorded net inflows of $3.05 million on June 4, ending 13 consecutive days of outflows totaling more than $4.4 billion since mid-May. BlackRock’s IBIT attracted $47.66 million. Ether ETFs drew $19.3 million after 17 straight days of outflows, with the entire inflow coming from ETHA. Three HYPE ETFs launched on May 12 took in $12.15 million that same day, lifting their assets to $185 million. Each has posted net inflows every day since its debut.

The US Securities and Exchange Commission approved spot bitcoin ETFs in January 2024, allowing institutions to gain bitcoin exposure through regulated funds. Inflows and redemptions for products including BlackRock's IBIT have therefore become key indicators of Wall Street risk appetite and spot bitcoin demand.

SoSoValue data showed US spot bitcoin ETFs recorded net outflows of $648.6 million on May 18, 2026, the largest daily total since January and enough to end six consecutive weeks of net inflows. IBIT accounted for $448.3 million. The funds posted another $1.72 billion in combined outflows from June 1 to June 5, with IBIT's $1.337 billion outflow marking its largest weekly total since launch.

US spot Bitcoin and Ether ETFs give investors exposure to crypto assets through regulated funds. Their flows are also viewed as key gauges of institutional demand and market sentiment. Simultaneous withdrawals from products run by major asset managers such as BlackRock typically signal weakening risk appetite.

US spot Bitcoin ETFs recorded $290.4 million in net outflows on May 15, with six funds losing capital. BlackRock's IBIT accounted for about 47% of the total, or an estimated nearly $137 million. Spot Ether ETFs posted $65.7 million in net outflows the same day, marking their fifth consecutive trading day of losses.

The US Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs on January 10, 2024, allowing investors to gain market exposure through products issued by institutions including BlackRock and Fidelity. ETF fund flows have since become an important gauge of institutional demand and crypto market trends.

US spot Bitcoin ETFs recorded net inflows for five consecutive trading days from July 13 to 17, 2026, totaling about $767 million for the week. It was their first five-day inflow streak of the year. Spot Ether ETFs attracted inflows for four straight days from July 14 to 17, totaling about $212 million.

U.S. spot Bitcoin and Ether ETFs are key channels for institutional capital moving into and out of the crypto market, and their flows are often viewed as a gauge of demand. The products had attracted inflows for four consecutive weeks, but the U.S.-Iran conflict drove up oil prices and inflation concerns. Markets even shifted from expecting a Federal Reserve rate cut in June to anticipating a rate increase, dampening risk appetite.

In the week ended March 27, 2026, the 11 U.S. spot Bitcoin ETFs recorded net outflows of $296.18 million, while Ether ETFs lost more than $200 million, according to SoSoValue. Bitcoin ETFs saw $225.5 million in outflows on March 27 alone, with $201.5 million coming from BlackRock’s IBIT. On Monday, March 30, BTC rose nearly 2% and ETH gained more than 3%, but the fund outflows limited the scope for further gains.

U.S. spot Bitcoin ETFs allow investors to gain exposure to Bitcoin’s price through traditional brokerage accounts. Fund flows for products such as BlackRock’s IBIT are also viewed as important gauges of institutional demand and market risk appetite. Three consecutive trading days of net inflows had previously helped support Bitcoin’s rebound.

The latest data show that U.S. spot Bitcoin ETFs recorded combined net outflows of $228 million on Thursday, ending a three-day inflow streak. BlackRock’s IBIT posted the largest single-day net outflow at $89 million. With Bitcoin falling below $71,000, analysts said the rally was more likely a short-term rebound and was not yet sufficient to confirm the start of a new bull market.

The U.S. Securities and Exchange Commission approved the first spot Bitcoin ETFs in January 2024, followed by the launch of spot Ether ETFs in July that year, allowing institutions to gain exposure to the two largest crypto assets through regulated funds. ETF flows have consequently become a key gauge of Wall Street demand and market risk appetite.

SoSoValue data through the end of February 2026 showed that investors had withdrawn money from U.S.-listed products for four consecutive months since November 2025. Spot Bitcoin ETFs recorded net outflows of $6.39 billion, while spot Ether ETFs lost $2.76 billion, for a combined $9.15 billion. This marked the longest streak of monthly outflows for Bitcoin funds since their January 2024 debut.

The U.S. Securities and Exchange Commission approved spot Bitcoin ETFs in January 2024, allowing investors to gain exposure to Bitcoin prices through regulated brokerage accounts. Despite the recent market weakness, the 12 U.S. products have recorded more than $54 billion in cumulative net inflows since launch, indicating that the scale of long-term institutional allocations continues to provide support.

The 12 U.S. spot Bitcoin ETFs posted about $316 million in net outflows in the week ended February 20, 2026, marking a fifth consecutive week of withdrawals and the longest streak since early 2025. CoinShares data for the same period showed that global crypto-asset ETPs shed $288 million during the week. Bitcoin also fell below a key moving average, intensifying near-term pressure on fund flows.