US spot Bitcoin exchange-traded funds experienced significant net inflows on July 10, attracting $90.4 million. In parallel, Ethereum ETFs saw an inflow of $18.4 million. This influx is roughly equivalent to 1,791 BTC and 10,550 ETH entering the regulated crypto investment sector in just one day.
The month of June 2026 marked a challenging period, as US spot Bitcoin ETFs recorded a staggering $4 billion in net outflows, setting a negative record since their introduction in January 2024. The downward trend persisted for ten consecutive days, culminating in a total loss of approximately $2.73 billion until this losing streak ended on July 2. Earlier in July, Bitcoin ETFs enjoyed a notable inflow of $265.7 million, largely fueled by interest in BlackRock's IBIT. Although the $90.4 million inflow on July 10 is lower, it signals a positive shift in investor sentiment, indicating a return of capital rather than continued withdrawal.
When assessing who leads the ETF fee landscape, BlackRock's IBIT and Fidelity's FBTC are currently gaining traction in Bitcoin. Similarly, BlackRock's ETHA and Fidelity's FETH have carved out significant positions in the Ethereum arena. In contrast, Grayscale's higher-fee offerings are facing continuous outflows as investors are drawn to more competitively priced alternatives. Grayscale's Bitcoin Trust, which previously operated as a closed-end fund, has higher fees compared to newer entries in the market, prompting a steady transfer of assets toward providers like BlackRock and Fidelity.
Since the launch of spot Bitcoin ETFs in January 2024, total net inflows have exceeded $50 billion, reaching an impressive $51.3 billion as of July 2026.
In the broader macroeconomic context, Bitcoin prices have been fluctuating between $56,000 and $64,000 in early July. Improvements in inflation expectations are boosting overall sentiment for riskier assets, and crypto ETFs appear to be benefiting from this renewed enthusiasm. The $18.4 million influx into Ethereum ETFs is particularly noteworthy, as these products have historically struggled to keep pace with Bitcoin in attracting capital. The simultaneous positive flows into both asset classes suggest a more comprehensive recovery within the cryptocurrency sector.
For investors monitoring this competitive landscape, the sustained success of BlackRock and Fidelity products warrants attention. The remarkable inflow of $265.7 million earlier in July underscores the potential for larger capital movements when market conditions align favorably. The substantial $4 billion outflow in June illustrates how rapidly market sentiment can change. Currently, with Bitcoin trading within the $56,000 to $64,000 range, it is crucial for investors to observe whether the inflow trend continues to strengthen or begins to decline. Consistent positive daily inflows that gradually increase would indicate a meaningful shift in institutional sentiment, counteracting the trends observed in June.