Bitcoin and Ether Spot ETFs Snap Eight-Week Outflow Run as $282M Returns

US spot Bitcoin and ether ETFs posted a combined net inflow of about $282 million in the week of July 7–11, halting the longest stretch of weekly redemptions seen since the products launched. The prior eight-week run of outflows had pulled an estimated $9.46 billion from the two categories. Signs of a shift emerged before the week began. Around July 2, single-day inflows climbed to roughly $221.72 million–$265.69 million, marking the first clear indication in weeks that institutional demand was resurfacing. Fidelity's FBTC led the Bitcoin ETF rebound, while BlackRock's IBIT—the largest spot Bitcoin ETF by assets—also contributed meaningfully. On the ether side, BlackRock's ETHA helped drive the turnaround. The eight-week streak exceeded the previous record of five consecutive weeks of net outflows from Bitcoin ETFs. Over the reversal window, Bitcoin traded largely between $59,000 and $64,000, a range that suggested stabilizing price action and may have encouraged allocators to re-enter. Redemptions began in mid-May and intensified through June alongside broader risk-off conditions in both traditional and digital-asset markets. The $9.46 billion drawdown represents a sizable share of total net inflows these products had amassed since launch. Spot Bitcoin ETFs debuted in January 2024, with ether ETFs arriving later that year. For investors, flows remain concentrated in the largest managers, with Fidelity and BlackRock continuing to command the bulk of activity—reinforcing that institutional crypto exposure is clustering around established traditional-finance brands. Even so, a $282 million weekly rebound recovers only about 3% of the $9.46 billion that exited over the prior two months. The move may reflect tactical rebalancing rather than a renewed strategic allocation shift. Market participants will be watching whether next week's data confirms a sustained reversal or shows this week as a one-off bounce. The gap between $282 million in and $9.46 billion out remains wide, and multiple weeks of steady inflows would be needed before declaring a credible bottom in institutional demand.