U.S. Spot Bitcoin ETFs See $33.79 Million Inflows as Momentum Fades

The institutional appetite for cryptocurrency investment products experienced a notable cooling period as July drew toward a close. Although spot Bitcoin exchange-traded funds managed to secure their third week in positive territory, the broader market narrative shifted from cautious recovery to evident fatigue. The modest weekly intake stood in stark contrast to the stronger capital rotation occurring elsewhere in the digital asset landscape.

U.S. Spot Bitcoin ETFs Secure $33.79 Million as Momentum Fades

For the week ending July 24, U.S. spot Bitcoin funds pulled in net inflows of 33,79 millones de dólares. This sequence marks the first time the category has managed three straight green weeks since early May. However, the gains nearly vanished by the closing bell due to a severe reversal during the final 48 hours of the trading week.

Market analysts pointed out that the demand remains tentative. The crypto analytics firm BRN offered a diagnostic without filters in a note to CoinDesk: Tras las fuertes salidas de mayo y junio, la fase de reparación de julio trajo alivio, pero la demanda institucional sigue siendo cautelosa. Compared to the $197 million captured two weeks prior and the 75,67 millones de la primera semana de julio, the latest weekly figure resembles a trickle rather than a sustained wave.

A 48-Hour Reversal and the Dominance of BlackRock’s IBIT

Midweek optimism evaporated swiftly on Thursday and Friday. On Wednesday, July 22, the funds enjoyed healthy net accumulations before a sudden pivot wiped out the progress. Outflows reached $225.2 million on Thursday, followed by an additional $240.1 million in withdrawals on Friday, according to compilation data from SoSoValue. Those two sessions alone saw 465 millones de dólares evaporated in the two final sessions of the week.

BlackRock’s fund played an outsized role in the weekly swings. The Wall Street giant’s product, IBIT, concentrated roughly $415 million in recompras over the course of the cycle, almost the totality of the outflows. Market observers noted that when the dominant fund experiences heavy repositioning, the entire segment reflects the movement.

Ethereum ETFs Outperform Bitcoin Products for a Third Week

While Bitcoin products struggled to retain momentum, spot Ethereum exchange-traded funds captured 103,9 millones de dólares in weekly inflows. According to SoSoValue records, this is the third week that Ether-based products have outpaced their Bitcoin rivals, highlighting a clear shift in institutional preference.

The sustained interest in Ethereum stems from lower network volatility and expectations surrounding staking yields, which continue to attract large portfolios. Alongside Ethereum, other major assets saw capital inflows. XRP investment vehicles added $8 million, Solana-based funds attracted $7 million, and Chainlink recorded a $3 million addition. Los de Solana captaron 7 millones, un máximo de nueve semanas, while Dogecoin registered a symbolic entry after five weeks of drought.

Broader Market Pressures and Capital Redistribution

The deceleration in Bitcoin flows mirrored price action across global markets. After touching a July peak above 66.500 dólares on Tuesday, July 22, Bitcoin slipped below 64.000 dólares by Friday. Analysts attributed the downward pressure to profit-taking combined with weakness in traditional equities. The Nasdaq 100 suffered losses driven by a semiconductor sell-off, which dragged down risk assets across the board.

Rather than a complete exit from the asset class, market analysis indicates a redistribution of institutional appetite. While Bitcoin’s weekly trading volume dipped to approximately 8.000 millones de dólares—the lowest level since mid-April—capital moved fluidly between alternative tokens. Not all alternative products shared in the gains, however; Hyperliquid investment vehicles suffered 8,6 millones de dólares in outflows, marking their second negative week as assets under management dropped 18% from their July 10 peak.