U.S. spot Bitcoin ETFs recorded a third consecutive week of net inflows, adding $33.8 million over the five trading days ended July 24, according to data tracked by SoSoValue.
The modest weekly total masks a rockier picture underneath. The funds pulled in strong gains early in the week before shedding $465.26 million on Thursday and Friday alone, ending a seven-day winning streak. BlackRock‘s IBIT accounted for nearly all of the late-week outflows, with roughly $415 million leaving the fund as institutional buyers apparently locked in profits or repositioned ahead of this week’s Federal Reserve meeting.
Despite the swing, the three-week inflow streak is the first since early May, following eight consecutive weeks of outflows dating back to mid-May. Net outflows of around $225 million and $240 million hit the sector on July 23 and 24 respectively, meaning the week’s positive total would have been substantially larger without that late slide.
The flows come as BTC trades in the mid-$60,000s, with the market broadly waiting on the Fed’s rate decision due Wednesday, alongside a busy stretch of earnings from Alphabet, Tesla, and Intel that will help gauge whether AI-driven risk appetite still has room to run.
Ether ETFs have told a different story in recent weeks, with inflows concentrated almost entirely in BlackRock’s low-fee ETHA product while Grayscale‘s older, higher-fee trust continues to bleed assets. Analysts note that while Bitcoin ETF inflows have returned, their scale remains small relative to the roughly $8 billion in outflows recorded during the prior eight-week losing streak, suggesting institutional demand is only tentatively rebuilding rather than confirming a full reversal.
For now, the flows read as a rough proxy for sentiment rather than a definitive signal. A sustained run of larger, steadier weekly inflows — rather than swings tied to a single fund like IBIT — would be the clearer marker that allocators are rebuilding positions after a difficult first half of 2026.
