From July 13 to 17, spot Bitcoin ETFs saw a net inflow of $75.5 million, marking their second consecutive positive week, according to SoSoValue data.
The main driver was BlackRock’s IBIT, with $204.1 million. The largest outflow was from Fidelity’s FBTC, totaling $181.1 million.
During the same period, Ethereum funds attracted $105.5 million, mirroring the trend of digital gold-based instruments.
The majority of the inflows were into BlackRock’s ETHA, amounting to $135.3 million.
Crypto funds are showing resilience despite negative stock market sentiment amid renewed U.S.-Iran tensions.
Bloomberg senior ETF analyst Eric Balchunas suggested that Bitcoin ETFs might follow the path of gold-based instruments, with interest spikes 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 dependent on investor sentiment, as the underlying assets do not generate cash flow.
Earlier, Glassnode highlighted that Bitcoin holders have stopped realizing losses en masse. In previous cycles, this trend often preceded the start of an upward trend.
