Bitcoin ETF Outflow of $131M; Ethereum ETF Inflows Continue
Crypto investment products hit record inflows of $4.4bn last week, marking 14 consecutive weeks of net inflows and lifting assets under management to $220bn. Exchange-traded product turnover neared $40bn as institutions poured in capital. Ethereum-led inflows totaled $2.12bn amid a 24.5% price rally, while Bitcoin ETFs attracted $2.2bn over the same period. On July 21, spot Bitcoin ETFs logged a $131m net outflow, ending a 12-day inflow streak. ARK Invest’s ARKB led redemptions, followed by GBTC, FBTC, VanEck and Bitwise. Bitcoin dipped below $120k to $116,639 before rebounding. Since launch, spot Bitcoin ETFs have amassed $54.75bn and hold about $152bn in BTC (6.5% of supply). Meanwhile, Ethereum ETFs extended inflows with $297m as ETH traded near $3,705. These flows underscore robust institutional demand and strong liquidity, though recent Bitcoin ETF outflows may signal short-term volatility.
Neutral
The net outflow from spot Bitcoin ETFs could exert short-term downward pressure on Bitcoin prices, as evidenced by the dip below $120,000. However, this followed a prolonged inflow streak and record digital asset fund inflows, while ETFs have accumulated over $54.75bn in BTC holdings since launch. The quick price rebound and ongoing institutional interest mitigate sustained bearish momentum, resulting in a neutral market outlook for Bitcoin. Conversely, persistent inflows into Ethereum ETFs support ETH’s price trajectory, further stabilizing the broader crypto market.