US Spot Bitcoin ETFs pull $1 bn in inflows, then $225 m outflow as Ether funds attract capital

Over a seven‑day streak ending July 22, U.S. spot Bitcoin exchange‑traded funds (ETFs) drew roughly $1 billion of net inflows, the strongest recent flow series. The inflow pace slowed on July 23, when the sector recorded a net outflow of about $225 million, breaking the sequence. At the same time, Ethereum ETFs continued to see net inflows, adding about $26 million on the same day, with Fidelity’s FETH leading the market. A separate report from a Korean market data firm showed BlackRock’s ETHA ETF accounted for roughly 70 % of a $7.27 million Ethereum‑ETF inflow on a single day, underscoring growing institutional interest in Ether. The flow patterns suggest a modest rotation of capital from Bitcoin‑focused funds toward Ethereum‑focused products, even as Bitcoin’s price hovered near $65,000. Compared with the record‑breaking inflows of October 2025, the current Bitcoin ETF activity is modest, but the divergence in fund flows is being watched as an indicator of shifting institutional sentiment in the crypto market.