Key highlights:
- Bitcoin ETFs have only seen a paltry $204 million in net inflows in July so far, on pace for the lowest monthly inflows ever
- Meanwhile, monthly flows into Ethereum ETFs are on course to match their 2026 peak
A bird’s-eye view of multi-day inflows into Bitcoin spot ETFs reveals a bleak picture, with the ecosystem on track to net its lowest monthly inflows ever. On the flipside, Ethereum ETFs have fared notably better, pulling in nearly $350 million in July, nearing their all-time high in 2026.
Institutional interest still pales for Bitcoin ETFs after June’s bloodbath
According to
In mid-July, spot Bitcoin ETFs attracted seven consecutive days of positive net inflows to inch close to $1 billion. At the time, the streak of inflows sparked speculation that institutional investors considered Bitcoin ETFs attractive again.
However, things took a turn for the worse with Bitcoin ETFs recording jarring outflows in the last week of July. Between July 23 and July 28, the ETFs lost over $520 million, almost wiping away all the monthly gains.
Over the last day, US spot Bitcoin ETFs recorded net inflows of 32 million, with BlackRock’s IBIT leading the charge. While there are two trading days left, it remains to be seen if Bitcoin ETFs will attract larger inflows.
Ethereum ETFs fare better than Bitcoin
While institutional inflow continues to falter for Bitcoin, Ethereum ETFs have attracted $342 million in July, almost matching their yearly record of $355 million set in April.
The funds are on course for their first positive inflow in three months after recording over $500 million in outflows in May and June. A bird’s-eye view reveals BlackRock’s ETHA, Fidelity’s FETH, and the new ETF by Morgan Stanley led the resurgence for Ethereum ETFs in July.
So far, the Ethereum ETFs have outperformed Bitcoin and other crypto funds in July. Pundits say the stronger returns are linked to its strong performance against Bitcoin, with the Ether-BTC pair surging by 11% in July.
At press time, ETH is trading at $1,917 while BTC is exchanging hands at $64,619. Investors have their eyes on the release of US core PCE inflation and GDP data after weathering a hawkish interest rate hold by the Federal Reserve.