From July 13 to 17, spot Bitcoin ETFs recorded a net inflow of $75.5 million. This marks the second consecutive positive week for these products, according to data from SoSoValue.
Inflows into spot Bitcoin ETFs. Source: SoSoValue.The main driver was BlackRock's IBIT, which attracted $204.1 million. The largest outflow came from Fidelity's FBTC, totaling $181.1 million.
During the same period, Ethereum funds attracted $105.5 million, mirroring the performance of Bitcoin-based instruments.
Inflows into spot Ethereum ETFs. Source: SoSoValue.The bulk of these inflows came from BlackRock's ETHA, which saw $135.3 million.
Crypto funds are showing strength despite negative trends in the stock market amid the resurgence of tensions between the U.S. and Iran.
Bloomberg's senior ETF analyst Eric Balchunas suggested that Bitcoin ETFs might follow a trajectory similar to that of gold ETFs: periods of heightened interest could be followed by sharp declines and prolonged stagnation.
Bitcoin ETFs Likely to Mirror Gold's History of Triumph and Pain.. New from me on how gold ETFs' 22-year history may offer the closest roadmap yet for Bitcoin ETF investors. Both are wrappers around non-yielding stores of value that generate no cash flow, leaving investor… pic.twitter.com/3C4tZYPLCp
— Eric Balchunas (@EricBalchunas) July 17, 2026
“Both assets are wrappers for non-yielding stores of value,” the expert noted.
He emphasized that such products are particularly sensitive to investor sentiment, as the underlying assets do not generate cash flow.
Additionally, Glassnode pointed out that Bitcoin holders have stopped realizing losses en masse. In previous cycles, this trend has often preceded the onset of a bullish phase.