US Crypto Spot ETFs Show Diverging Flows: Bitcoin Outflows Contrast with Ethereum Inflows
Key Takeaways
- •Bitcoin spot ETFs saw net outflows of about $61.53 million, equal to roughly 915 BTC.
- •Ethereum spot ETFs recorded net inflows of about $27.42 million, or roughly 5,230 ETH.
- •BlackRock's ETFs bought approximately 1,395 Bitcoin and 30,179 Ethereum during the week.
- •Fidelity's ETFs sold about 1,321 Bitcoin and 10,890 Ethereum.
- •The week ended with US crypto spot ETFs showing total net outflows of approximately $30.72 million.
During the week of July 27–31, US crypto spot ETFs recorded approximately $30.72 million in net outflows, according to data shared on X by analyst Crypto Patel. The aggregate figure masks a sharp divergence between the two largest cryptocurrencies: Bitcoin ETFs saw notable redemptions while Ethereum ETFs attracted meaningful inflows. Spot ETFs have become a closely watched barometer of institutional and retail demand since their US approvals, with weekly flow data offering a window into how allocated capital is rotating between digital assets.
Bitcoin ETF Outflows
Bitcoin spot ETFs experienced a net outflow of roughly $61.53 million, equivalent to approximately 915 BTC. Bitcoin was trading near $62,730 during the period.
The outflows were primarily driven by Fidelity and Grayscale ETFs, which collectively sold 2,017 BTC. Per the flow report, Fidelity's ETF sold approximately 1,321 Bitcoin, while BlackRock's ETF purchased roughly 1,395 Bitcoin and Bitwise's ETF bought about 49 Bitcoin. The willingness of issuers like BlackRock to accumulate Bitcoin even as other funds saw redemptions underscores how flow direction can vary meaningfully across providers within the same product category.
Ethereum ETF Inflows
Ethereum spot ETFs, by contrast, posted a net inflow of $27.42 million, equivalent to approximately 5,230 ETH. Ethereum was trading near $1,845 at the time.
BlackRock's ETF was the largest buyer, acquiring approximately 30,179 ETH. Fidelity's ETF, meanwhile, sold roughly 10,890 Ethereum. The inflows into Ethereum ETFs stand out given Ether's lower price level during the period, suggesting some investors were positioning in the asset even as broader market sentiment remained cautious.
Flow Summary
🇺🇸 US SPOT CRYPTO ETFs FLOWS REPORT (27 July – 31 July)
US Crypto Spot ETFs Saw ~$30.72 Million Net OutFlows Last Week
➔ BlackRock ETF BOUGHT ~1,395 Bitcoin And 30,179 Ethereum
➔ Fidelity ETF SOLD ~1,321 Bitcoin And 10,890 Ethereum
➔ Bitwise ETF BOUGHT ~49 Bitcoin And SOLD…
pic.twitter.com/fVqpueISDB
— Crypto Patel (@CryptoPatel) August 3, 2026
The mixed flows come amid a market sentiment environment broadly classified as "Fear," as investors navigated divergent trends across the two leading digital assets. The divergence between Bitcoin outflows and Ethereum inflows is a pattern market participants often monitor for early signals of shifting allocation preferences, though single-week data may not reflect a sustained trend.