Bitcoin and Ethereum ETFs have ended their brutal eight-week outflow streak that had dominated markets since mid-May. According to AMBCrypto data, Bitcoin funds pulled $197.40 million while Ethereum funds added $84.42 million in the week ending July 10, marking a significant reversal from the punishing run that had drained billions from both products. The turnaround came after Bitcoin ETFs had shed money every week since May 15, with redemptions peaking at $1.79 billion in the week ending June 26, while Ethereum funds saw their heaviest week on June 26 with $273.34 million exiting the funds. With the latest recovery, Bitcoin net assets climbed to $77.42 billion by July 10, while Ethereum assets recovered to $9.59 billion. The recovery momentum continued into the following week, with spot Bitcoin ETFs recording $90.4 million in net inflows in a single session on July 10, according to CoinGlass data, closing the week positively after it began with a $265 million inflow.
The ETF recovery showed significant volatility throughout the week, with IBIT leading with $209.4 million in inflows on July 6, while Grayscale's GBTC posted the largest outflows at $44.5 million on the same day. According to AMBCrypto data, IBIT triumphed over the past week with $351 million in total inflows, while GBTC recorded the highest outflows of $108.2 million, followed by FBTC with $103.1 million. The daily flow patterns were particularly volatile, with outflows of $84.9 million on July 8 and $95.3 million on July 9, before inflows resumed on July 10 with $90.4 million. Bitcoin's price swung between $63,650 and $64,400 before settling at $62,758.75 as of writing, though the volatility remained insufficient to determine whether ETFs were driving price action or vice versa. The latest data shows Bitcoin's price consolidating around $63,000, down roughly -1.5% over the past 24 hours, with the flatness not necessarily indicating indecision but potentially accumulation as the 10-day outflow streak had created persistent overhead sell pressure from ETF redemptions.
While Bitcoin ETFs turned positive, Ether ETFs continued their positive streak with $84.42 million in inflows for the week ending July 10, driven primarily by BlackRock's ETHA. This divergence highlights the selective nature of current market sentiment, with investors showing preference for Ethereum-linked products despite broader crypto market uncertainty. The sustained Ether inflows represent a notable contrast to the Bitcoin outflows and suggest that institutional demand for Ethereum-based products remains intact, even as Bitcoin faces renewed selling pressure. The institutional buying marked the first weekly net buy across the past nine weeks of trading, signaling that big money may be warming back up to the asset. The latest data shows Ethereum's price fell to $1,748 on July 9, with investors offloading $52.08 million as the cryptocurrency struggled to breach resistance levels.
The altcoin ETF landscape showed mixed results, with XRP ETFs reporting $7.18 million in net outflows, while HYPE ETFs and Spot Solana ETFs both managed to log $10.36 million and $930,400 in inflows respectively. According to AMBCrypto data, Spot Ethereum ETFs saw similar patterns with net inflows of $84.42 million, ending eight weeks of outflows. The only day with net sales was July 9 when investors offloaded $52.08 million as Ethereum fell to $1,748. This performance across multiple altcoin ETFs suggests that the recovery was not limited to Bitcoin products, with institutional investors showing selective interest across the crypto ETF ecosystem. The latest data indicates that Bitcoin's price has fallen back into the red over the past seven days with a modest loss of -0.3%, as the leading digital asset continues to struggle to breach resistance at $64,000.
Crypto derivatives have fundamentally reshaped market dynamics, with derivatives notional volume reaching $111.5 trillion in 2025, representing a 4.4x ratio to spot trading compared to just $25.3 trillion in spot markets. According to Cboe Global Markets research, this represents a dramatic acceleration from the 3.5x ratio in 2023, with the derivatives-to-spot ratio jumping from 3.5x to 4.4x in just two years. The report identifies this shift as driven by specific catalysts, particularly the approval of spot Bitcoin and Ether ETFs in 2024, which created downstream demand for hedging tools, basis trades, and structured products built around these ETFs. Cboe launched continuous futures on December 15, 2025, specifically designed to bridge the gap between crypto-native trading and institutional infrastructure.
The ETF inflows arrived during a broader price rebound, with Bitcoin's price recovering after Federal Reserve Chair Kevin Warsh said inflation risks had decreased, while a weak jobs report reinforced the move. However, daily flows remained volatile, with Bitcoin ETFs losing $95.30 million on July 9 and $84.86 million on July 8 after US strikes on Iran. The recovery momentum had already been building at the start of the month, with spot Bitcoin ETFs drawing $221.72 million on July 2, ending a 10-day redemption run before the weekly figures turned green. Bitcoin's price is consolidating around $63,000, barely moved on a 24-hour basis, with analysts noting that this flatness may be accumulation rather than indecision. Current local support sits at recent consolidation lows, with resistance defined by prior swing highs just above the active trading range. Analysts have flagged a structural support band in the US$58,500–US$60,000 zone, indicating that many ETF-focused desks still treat that range as the floor on any macro-driven pullback. The three scenarios in play include a bull case where inflows sustain above $90M per day for three to five sessions, a base case where flows stay modestly positive with sideways price action, and a bear case where a single strong outflow day undermines the narrative.
