In July, U.S. spot exchange-traded funds (ETFs) based on Bitcoin attracted $172.4 million, ending a two-month streak of outflows. This information comes from data provided by SoSoValue.

Source: SoSoValue.

This positive outcome occurred despite a volatile end to the month. On Friday, July 31, ETFs saw a loss of $265.4 million, marking the largest single-day outflow since the 13th of the month. Additionally, the last week of July was also negative, with a net outflow of $61.53 million.

The return to inflows comes after nearly $7 billion had been withdrawn from these instruments over the previous two months. The worst impact was in June, when net outflows reached $4.5 billion, the largest monthly loss since the launch of these products in January 2024.

Funds Remain in the Red Since the Start of the Year

Despite the July inflow, the total outflow from U.S. spot Bitcoin ETFs since the beginning of 2026 stands at approximately $5.29 billion.

Only three months have shown positive results—March, April, and July—collectively contributing $3.46 billion to the funds. In contrast, January, February, May, and June saw about $8.75 billion in withdrawals.

Overall, these products have attracted $51.32 billion in investments since their inception. As of the end of July, the total net assets of Bitcoin ETFs were valued at $76.29 billion.

Ethereum ETFs Outperform This Month

Spot Ethereum ETFs finished July with a net inflow of $365.2 million, marking four consecutive weeks of positive performance.

Source: SoSoValue.

This month became the second profitable period for these products this year, following April, which saw $356 million in inflows. However, the cumulative result for Ethereum-based funds remains negative, amounting to around $1.1 billion.

Demand has also remained strong for XRP-related structures, which attracted $27.3 million. Year-to-date, these products have garnered about $343 million, one of the best performances among cryptocurrency ETFs. Additionally, Solana-based instruments received $14.6 million this month.

It’s worth noting that at the end of July, trading volumes in the digital asset market approached their lowest levels since November 2023.