Key Takeaways:
- Bitcoin ETFs drew $172.4 million in July, snapping two straight months of outflows
- Ether ETFs led with $365.2 million; XRP funds added $27.3 million
- Year-to-date flows remain negative at $5.29 billion despite the July recovery
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Bitcoin ETFs post $172M July inflows, ending two-month outflow streak
US-listed spot Bitcoin ETFs attracted $172.4 million in net inflows in July, ending two consecutive months of outflows, SoSoValue data show.
The reversal follows nearly $7 billion in combined withdrawals during May and June, when June posted the largest monthly outflow of 2026 at $4.5 billion and May lost $2.41 billion, according to Farside Investors. The modest July gain recouped only a fraction of the capital removed in the prior two months, and the products still carry a year-to-date deficit of $5.29 billion.
March, April and July were the only positive months of 2026, bringing in a combined $3.46 billion, while January, February, May and June posted outflows totaling about $8.75 billion. Since launch, the funds have accumulated $51.32 billion in net inflows, with net assets standing at $76.29 billion at the end of July.
The monthly gain masks a weak finish. Bitcoin ETFs logged a $265.4 million net outflow on July 31, their largest daily withdrawal since July 13, and weekly flows turned negative at $61.53 million after three straight positive weeks. The late-month selling coincided with Bitcoin falling below $64,000 to two-week lows, trading near $63,700 at press time, as short-term selling pressure outweighed improving institutional demand.
Ether and XRP funds diverge from Bitcoin
While Bitcoin ETFs faced renewed selling, altcoin funds held steadier inflows. Spot Ether ETFs posted four consecutive weeks of inflows and ended July with $365.2 million in net additions, exceeding the monthly total for Bitcoin, SoSoValue data show. It was the second positive month for Ether ETFs in 2026 after April's $356 million, though the products remain about $1.1 billion in net outflows year to date.
XRP ETFs recorded $27.3 million in July inflows, their fifth positive month of 2026, bringing year-to-date net inflows to roughly $343 million and making the category one of the strongest performers in the regulated crypto fund space this year.
Recovery hinges on a single BlackRock product
The July rebound was heavily concentrated. BlackRock's iShares Bitcoin Trust (IBIT) captured $183.4 million of the $233.1 million in inflows on July 30, its strongest daily intake since July 6 and roughly 79 percent of the session total, according to Farside. Bitwise's BITB added $20.7 million, Fidelity's FBTC $15.5 million and Morgan Stanley's MSBT $7.4 million, with no Bitcoin ETF reporting an outflow that day.
The concentration leaves the broader complex exposed if IBIT demand slows, and the divergence between ETF inflows and spot price action shows flows remain one indicator rather than a standalone price signal. Whether Bitcoin ETFs can offset their $5.29 billion annual deficit depends on stabilizing macro conditions through the seasonally thin summer period, with investors watching whether the July stabilization attempt holds into August.
This article is for informational purposes only and does not constitute investment advice.
