US spot Bitcoin ETFs post $368 million in three-day inflow streak

Bitcoin ETF inflows have turned positive for three consecutive sessions, the longest streak since April, as institutional demand shows signs of stabilizing after two months of record outflows.

US spot Bitcoin ETFs attracted $368 million over three sessions through July 16, the longest inflow streak since April, reversing a two-month outflow trend.

"The three-day run is notable because it's broad-based — BlackRock, Fidelity and Bitwise all saw inflows on Thursday, not just IBIT alone," said Nina Volkov, crypto markets analyst at Edgen. "That suggests institutional demand is broadening rather than concentrating in a single product."

The streak began July 14 with $181 million in combined Bitcoin and Ether ETF inflows, followed by $108 million on July 15 and $79.2 million on July 16, according to Farside Investors and SoSoValue data. BlackRock's iShares Bitcoin Trust led Thursday's session with $33.4 million, while Fidelity's FBTC added $30.7 million and Bitwise's BITB contributed $15 million. Grayscale's GBTC recorded no outflows, a shift from prior weeks when redemptions from the older trust often offset new inflows.

The reversal matters because US spot Bitcoin ETFs lost $4.51 billion in June and $2.4 billion in May — the worst two-month stretch on record. If the current pace holds, July would become the first month of positive net flows since April, when funds attracted $1.97 billion. Bitcoin traded at $62,851 as of Friday, down about 28 percent year-to-date, after briefly topping $65,000 on Wednesday for the first time since late June.

Ether ETFs Break Inflow Streak

While Bitcoin funds extended their run, Ether ETFs reversed course. Spot Ether products posted $28 million in net outflows on July 16, breaking a two-day inflow streak that had brought in $112.2 million. Fidelity's FETH lost $11.2 million, and Grayscale's two Ether products — ETHE and ETH — shed a combined $19.1 million. BlackRock's ETHA, which had driven most recent Ether demand, recorded no flows for the session.

Solana ETFs remained a marginal player, adding $1.7 million entirely through Grayscale's GSOL, with all other Solana products flat.

T. Rowe Price Enters Multi-Crypto ETF Market

The inflow streak coincided with the launch of T. Rowe Price's Active Crypto ETF (TKNZ) on NYSE Arca on July 16, the first US spot ETF to invest in a basket of digital assets. The fund, which manages about $15 million at a 0.75 percent fee, allocates 40.75 percent to Bitcoin, 18.42 percent to Ethereum, 11.01 percent to BNB, and smaller positions in Solana, XRP, Cardano, Avalanche, Dogecoin, Chainlink, Litecoin, Sui and Hyperliquid, according to Bloomberg Intelligence analyst Eric Balchunas.

What's at Stake

The three-day inflow streak does not guarantee a sustained recovery. Bitcoin ETFs remain down about $5.4 billion in cumulative net flows for 2026, and the pace of inflows has slowed each day — from $181 million on July 14 to $79.2 million on July 16. The next test is whether Bitcoin can hold above $62,000 and attract continued multi-issuer inflows, or whether the July rebound fades as it did after similar short-lived rallies in May and June.

This article is for informational purposes only and does not constitute investment advice.