Bitcoin and Ethereum ETF Weekly Review: July 25, 2026 — A Fragile Rebound at $33.8M

However, the streak broke on July 24. Ethereum ETFs recorded about $70.7 million in net outflows, ending a five-session inflow run. BlackRock's ETHA accounted for -$52.8 million and Fidelity's FETH for -$27.8 million on that single day .

The full month-to-date cumulative total for Ethereum ETFs through July 25 is not explicitly reported as a single sum in available sources, but the weekly figures point to a modestly positive July overall. Based on mid-July reporting, Ethereum spot ETFs had recorded roughly $105 million in net inflows during the week of July 13–17 alone .

U.S. Spot Bitcoin ETFs: Lowest Volume Since October 2024

Bitcoin ETFs mirrored the Ethereum pattern. The weekly net inflow stood at approximately $33.8 million, with strong mid-week inflows largely erased by Thursday and Friday outflows . This also marked the third consecutive week of net inflows for Bitcoin ETFs .

A more telling metric was trading volume. Spot Bitcoin ETFs recorded about $8.05 billion in trading volume across the five sessions ending Friday — the lowest full-week total since October 2024 . This signals declining participation even as prices stabilized.

BlackRock's IBIT led daily inflows during the seven-session run from July 14 through July 22, contributing $38.8 million on July 22 alone . That stretch totaled approximately $981.2 million across all Bitcoin ETFs .

The streak ended on July 24. Bitcoin ETFs recorded their first daily net outflow since July 13, totaling roughly $225 million on that Thursday . Friday's data continued the weakness .

Year-to-date cumulative net outflows for 2026 remain severe. As of early July, year-to-date net outflows across all U.S. spot Bitcoin ETFs stood at approximately $5.4–$5.5 billion — one of the worst institutional selloffs in Bitcoin ETF history . The first half of 2026 marked the first semi-annual net outflow period since the products launched in January 2024 . Record June outflows of $4.5 billion were the primary driver .

For context, the July inflows recovered only about 4% of the $5.4 billion that had exited year-to-date through early July .

Broader Market Context: Fear Dominates

The macro backdrop remained challenging. On July 25, 2026:

• Bitcoin price: Trading around $62,967–$63,937, down approximately 0.5–1.7% on the day .
• Ethereum price: Around $1,773, also modestly lower .
• Total crypto market cap: $2.28 trillion, down 1.1% in 24 hours .
• Crypto Fear & Greed Index: Multiple sources on July 25 reported readings between 22 and 27, all firmly in "Fear" or "Extreme Fear" territory. Alternative.me showed Extreme Fear at 22, while Coingabbar reported 27 (Fear) . The 30-day average was even lower at 22 .

Geopolitical and macro headwinds compounded the fragile sentiment. Fresh tariffs on 60 nations and Iran-linked military tensions pushed oil toward $88.60 and dragged equities and crypto lower together .

Analyst Verdict: "A Fragile Rebound, Not a Confirmed Recovery"

Multiple analysts characterized the July inflow streak as a fragile rebound rather than a confirmed recovery. Key cautionary points from the data:

• Not sustained demand: The weekly net inflow of ~$33.8 million was tiny relative to the nearly $500 million that flowed in during the first three days, before evaporating over the final two sessions . This pattern does not signal durable institutional conviction.
• Stablecoin flow constraints: Reports highlighted that stablecoin liquidity flows remained subdued, constraining the ability to sustain a broader market rally even when ETF inflows appeared positive .
• Year-to-date context: An Investing.com analysis explicitly titled the situation "a fragile rebound, not a confirmed recovery" .

The message is clear: three weeks of inflows are a hopeful sign, but in the context of $5.4 billion in year-to-date outflows, record-low trading volume, and a Fear & Greed Index in the twenties, the institutional mood remains deeply cautious.