The past week brought a mix of relief and renewed caution for crypto exchange-traded funds. Spot Bitcoin ETFs recorded their second consecutive week of net inflows, attracting $75.67 million, while Ethereum-based counterparts outperformed with $105.44 million. At the same time, XRP ETFs resumed a modest inflow streak but saw an unusual number of days with zero reportable activity, casting doubt on underlying demand.
Bitcoin ETF flows began the week on a sour note with a massive $424.66 million outflow on Monday—the largest since late June—driven by geopolitical tensions. Sentiment reversed sharply thereafter: Tuesday brought $181 million, Wednesday $107.8 million, Thursday $79.15 million, and Friday $132.30 million. This weekly green finish, however, pales in comparison to the $8 billion exodus endured over the preceding eight weeks, when five separate weeks each saw over $1 billion in outflows. Cumulative total net inflows, which had collapsed from $59.34 billion to $51.08 billion, edged up to $51.35 billion as of July 17.
Ethereum ETFs put in an even stronger showing. They suffered a modest $15.41 million outflow on Monday and a $28.04 million outflow on Thursday, but those losses were overwhelmed by $58.34 million on Tuesday, $53.83 million on Wednesday, and $36.73 million on Friday. The $105.44 million net weekly inflow builds on the prior week’s $84.42 million, marking a clear break from an eight-week losing streak that had drained over $1.1 billion from the funds. Cumulative net inflows for ETH products have recovered to $11.08 billion from a low of $10.89 billion.
XRP ETFs snapped their first outflow in over two months during the second week of July, when $7 million exited. Last week reversed almost all of that with $6.78 million in net inflows, bringing total cumulative net inflows back to an all-time high near $1.5 billion. Bitwise’s XRP ETF now holds almost $500 million in assets under management, widening its lead over Canary Capital’s XRPC, which sits below $470 million. However, the entire $6.78 million arrived on a single day — July 16. The other four trading days registered zero reportable flows, and seven of the last ten business days showed $0.00 in net activity. This “elephant in the room” suggests that interest in XRP-based funds may be fading, possibly due to the sluggish summer market and XRP’s repeated failure to break above the $1.10 resistance level, leaving it down 3% monthly with a market cap below $70 billion.
