US spot Bitcoin ETFs recorded $79.15 million in net inflows on July 16, breaking an eight-week streak of outflows that had drained more than $8 billion from the category, according to data compiled by Farside Investors.
BlackRock‘s IBIT led the day’s gains with $33.4 million, followed by Fidelity‘s FBTC at $30.7 million. IBIT’s cumulative net inflows since launch now stand at $60.35 billion, remaining the largest and most liquid product in the category. Notably, Grayscale’s GBTC recorded no outflows on the day — a shift from the pattern seen throughout much of the recent downturn, when legacy redemptions had regularly offset new inflows into newer funds.
The reversal marks the third consecutive positive session for Bitcoin funds, following $107.7 million in inflows on July 15 and roughly $181 million on July 14. Spot Ether ETFs moved in the opposite direction, posting $28 million in net outflows on July 16, while Solana products added a modest $1.7 million. Combined across the three asset categories, net inflows totaled $52.8 million for the session.
BTC traded near $63,800 as the data was released, still well off its highs earlier in the year. Analysts caution that a single week of modest inflows does not offset the scale of the prior outflow streak, and on-chain metrics tracked by Glassnode have yet to confirm a broader trend reversal. Whether institutional demand can sustain this pace through the coming weeks remains the key question for traders watching the ETF category as a proxy for regulated capital flows into Bitcoin.
