US spot Bitcoin ETFs recorded $90.4 million in net inflows on July 10, while spot Ethereum ETFs added $18.4 million, according to data from SoSoValue. The combined inflows represent roughly 1,791 BTC and 10,550 ETH worth of fresh capital entering regulated crypto investment products in a single day.
Recovery after a brutal June
The inflows come after a record-breaking June that saw approximately $4 billion in net outflows from US spot Bitcoin ETFs — the largest monthly withdrawal since the products launched in January 2024. A 10-day consecutive outflow streak that ended on July 2 had already drained a cumulative $2.73 billion. Earlier in July, Bitcoin ETFs saw a single-day inflow of $265.7 million, driven largely by BlackRock's IBIT. The $90.4 million on July 10 is more modest but reinforces the narrative that capital is rotating back into crypto ETFs rather than continuing to flee.
BlackRock and Fidelity dominate fee war
BlackRock's IBIT and Fidelity's FBTC continue to lead inflows on the Bitcoin side, while their Ethereum counterparts ETHA and FETH have carved out similar positions. Grayscale's higher-fee products, including its Bitcoin Trust, have faced persistent outflows as investors migrate to cheaper alternatives. Since spot Bitcoin ETFs launched, total net inflows have surpassed $50 billion, reaching approximately $51.3 billion by July 2026.
Macro backdrop and broader engagement
Bitcoin prices have hovered between $56,000 and $64,000 in early July. Easing inflation expectations have provided tailwinds for risk assets broadly, and crypto ETFs appear to be catching that breeze. The $18.4 million flowing into Ethereum ETFs is notable because Ethereum products have historically struggled to match Bitcoin's momentum in attracting capital. The fact that both are seeing positive flows simultaneously suggests a broader re-engagement with crypto as an asset class, not just a Bitcoin-specific recovery.