Crypto ETFs Record $79M in Bitcoin ETF Inflows, Led by BlackRock’s IBIT

Key Insights

• U.S. spot Bitcoin ETFs recorded $79.15 million in net inflows on July 16, while Ethereum funds posted net outflows.
• BlackRock’s IBIT took the top spot at $33.44 million, followed by Fidelity’s FBTC at $30.73 million.
• Cumulative net inflows for spot Bitcoin ETFs reached $51.22 billion, with total net assets near $77.72 billion.

Crypto ETFs stayed positive on July 16, with spot Bitcoin funds bringing in $79.15 million in net inflows. BlackRock’s IBIT led the group, according to SoSoValue data.

The day kept the recent run of Bitcoin ETF inflows going, even as Ethereum products moved the other way. Most of the money went to two funds, which has been the usual story for this market.

Bitcoin funds added $79.15 million on July 16. IBIT accounted for most of it at $33.44 million, and Fidelity’s FBTC was close behind at $30.73 million. Bitwise’s BITB rounded out the active names with $14.98 million.

The rest of the group sat flat. Grayscale’s GBTC and BTC, Ark’s ARKB, VanEck’s HODL, and the smaller funds from Valkyrie, Morgan Stanley, Franklin, Invesco, WisdomTree, and Hashdex all showed zero net flow for the day.

Three funds doing the work while the rest hold steady has been a common pattern for these crypto ETFs. IBIT and FBTC tend to catch the bulk of new money, and the day’s numbers followed that shape.

IBIT has been the standout since the spot funds launched. Its cumulative net inflow now sits at $60.35 billion, far ahead of any competitor. Fidelity’s FBTC is second at $9.97 billion, and no other fund clears the $3 billion line.

BlackRock is the world’s largest asset manager, and its Bitcoin fund has become the default choice for a lot of institutional buyers.

On July 16, IBIT also added 521.05 BTC to its holdings, the largest single-day coin addition among the Bitcoin ETFs. FBTC added 478.70 BTC, and BITB picked up 233.40 BTC.

GBTC remains the outlier on the cumulative side. Grayscale’s older fund still shows $27.33 billion in net outflows since it converted to an ETF. Grayscale’s newer, lower-fee BTC fund has gone the other way, with net inflows of $2.56 billion.

The picture was softer for Ethereum. Spot Ethereum funds posted $28.04 million in net outflows on July 16, ending a short stretch of green days.

Bitwise’s ETHW was the one bright spot, drawing $2.28 million, the largest single-day inflow among the Ethereum crypto ETFs.

Even with the down day, Ethereum products are still ahead over time. Cumulative net inflows stand at $11.04 billion, and total net assets are around $10.10 billion.

The July 16 outflow was small next to those numbers, and the prior two sessions had both been positive.

Bitwise is a leading crypto-focused asset management firm, and its funds often go against the wider group on any given day. ETHW pulling money while the category bled is one more example of that split.

Across all spot Bitcoin ETFs, cumulative net inflows reached $51.22 billion as of July 16. Total net assets came in at $77.72 billion, with $997.90 million in value traded on the day.

The last few sessions have swung around. July 15 brought $107.80 million in inflows, and July 14 added $181.08 million, but July 13 saw $424.66 million leave.

Days like that explain why the weekly figure for the period ending July 16 was slightly negative at $56.62 million, even with three positive daily reads inside the same week.

Total value traded also cooled off, dropping under $1 billion after several sessions above $1.5 billion earlier in the month.

For now, Bitcoin ETFs are still drawing steady interest, and BlackRock’s IBIT keeps setting the pace. Ethereum funds have the harder road, with a single down day wiping out part of a small weekly gain.

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