Green Streak Stays Alive: BTC & ETH ETFs Five-for-Five, But Wallets Still Lighter 🟢

U.S. spot Bitcoin exchange-traded funds closed a fifth consecutive day of net inflows on Monday, attracting $226.9 million and bringing the five-session total to approximately $727.3 million, according to SoSoValue data. The run marks the longest streak of consecutive inflows since a six-session stretch from April 30 through May 5. BlackRock's iShares Bitcoin Trust ETF (IBIT) led the buying across recent green sessions, posting $80.82 million in net inflows on July 15, and adding $209.4 million on Monday July 13 and $86.8 million on Friday July 17 during the prior reporting week. BlackRock's IBIT was the single largest source of June's record outflows, and its return to the bid side has tracked closely with the broader recovery in ETF flows.

The reversal followed eight straight weeks of net outflows dating back to May 11, during which investors withdrew more than $8.2 billion from the funds. June 2026 alone saw about $4.5 billion exit — the worst single month on record since the products launched in January 2024. That prior week's flows offered a volatile path: spot Bitcoin ETFs opened with a $265.7 million inflow on Monday July 13 and added $21.5 million on Tuesday July 14, then shed $84.9 million on Wednesday July 15 and $95.3 million on Thursday July 16 amid U.S.-Iran military escalation, before closing Friday July 17 with a $90.4 million inflow. The single largest intra-week withdrawal came on July 13, when $424.66 million left the funds in one day — the biggest single-day withdrawal since June 26. Year-to-date net outflows for U.S. spot Bitcoin ETFs have now been reduced to below $5 billion, with cumulative net inflows at roughly $50.85 billion and total net assets at $74.79 billion as of that Monday.

U.S. spot Ether ETFs followed a parallel course, breaking their own eight-week losing streak. Spot Ether ETFs pulled in $84.42 million during the week ended July 17, followed by $105 million during the week of July 13–17, 2026, the strongest weekly figure since April and a measurable acceleration from the prior week's figure. The two consecutive positive weeks ended an outflow streak dating back to May 11, during which roughly $1.2 billion had been withdrawn. BlackRock's iShares Ethereum Trust (ETHA) has consistently accounted for the majority of daily net positive flows across the nine-issuer Ethereum ETF complex; on July 15 alone, ETHA captured a substantial share of the day's $53.83 million in complex-wide inflows. Cumulative complex-wide net inflows across nine issuers since the category launched in July 2024 totaled approximately $11.07 billion, with total net asset value near $10.4 billion, per BingX data, while ETHA's own cumulative net inflow reached $11.28 billion. ETH price traded at approximately $1,845 during the inflow week, with the $1,800–$1,900 range flagged by traders as the key area to hold.

Market observers remained divided on whether the rebound signals a durable trend or a technical bounce. "While one week of inflows doesn't define a trend, it comes at a time when institutional confidence is growing around the potential passage of the CLARITY Act in the US in August next month," Monochrome Asset Management founder and CEO Jeff Yew told Cointelegraph. "This could be an early indication that institutions are beginning to position ahead of greater regulatory certainty, which is often what long-term capital allocators look for." 10x Research founder and CEO Markus Thielen countered that "ETF and stablecoin outflows and seasonality in August and September remain headwinds. There's also been a pattern over the past few months where Bitcoin performs better in the first half of the month, then consolidates in the latter half." Simon-Peter Massabni, head of business development at XS.com, said the recent inflows "suggest selling pressure is easing" but that Bitcoin would need to "decisively break above the $65,000–$65,500 range" to confirm a new uptrend.

On July 1, Citigroup cut its 12-month Bitcoin ETF inflow forecast from $10 billion to zero after weaker-than-expected flows and recent outflows, lowering its 12-month Bitcoin price target from $112,000 to $82,000. Bloomberg Intelligence senior ETF analyst Eric Balchunas published a framework on July 17 drawing parallels between U.S. spot Bitcoin ETFs and the 22-year history of the SPDR Gold Shares (GLD) ETF, noting that both wrap non-yielding stores of value whose prices are driven primarily by shifts in investor sentiment. CryptoQuant analyst Sunny Mom wrote in an update on Thursday that "a definitive, broad-based market bottom has yet to be confirmed," noting that whale accumulation could help limit further downside but does not yet signal a sustained recovery. Bitcoin ($BTC) traded at $65,879 at the time of publication, up 3.3% over the prior 24 hours, according to CoinGecko, after rebounding to $64,000 earlier in the week and retracing to just under $63,000 overnight, with the June peak near $67,250 remaining the next upside reference.