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Bitcoin ETFs end July in the green despite late-month selling
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- DeepHorus
US-listed spot Bitcoin exchange-traded funds (ETFs) finished July in the green despite a late-month wave of selling and Bitcoin price volatility. The funds attracted $172.4 million in net inflows during July, reversing two consecutive months of outflows, according to SoSoValue data. This positive turn came even as the products logged a $265.4 million net outflow on Friday, July 31, marking their largest daily withdrawal since July 13.
The modest monthly gain followed a challenging stretch for Bitcoin ETFs, which saw nearly $7 billion in combined outflows over May and June. June alone recorded $4.5 billion in net outflows, the largest monthly withdrawal of 2026. The volatile end to July showed that investor sentiment remained cautious heading into August, despite the overall positive monthly result.
Year to date, spot Bitcoin ETFs remain in negative territory, with approximately $5.3 billion in net outflows. Only March, April, and July have been positive months in 2026, bringing in a combined $3.46 billion, while January, February, May, and June posted total outflows of about $8.75 billion. Since their launch, however, the products have accumulated $51.32 billion in cumulative net inflows, with total net assets reaching $76.29 billion at the end of July.
The late-month weakness also weighed on weekly figures. After three consecutive weeks of inflows, Bitcoin ETFs recorded a $61.53 million outflow for the week ending July 31. This reversal highlights the lingering fragility in demand for the products, even as longer-term adoption trends remain intact.
Some altcoin ETFs fared better during this period. Ether ETFs stood out by posting four consecutive weeks of inflows, ending July with a net gain of $365.2 million. This marked the second positive month for Ether ETFs in 2026, following April’s $356 million inflow, though they still sit about $1.1 billion in net outflows year to date.
XRP ETFs also maintained steady demand, recording $27.3 million in July inflows and marking their fifth positive month of 2026. These products have gained roughly $343 million in net inflows year to date, positioning them as one of the stronger-performing crypto ETF categories this year.
The divergent performance between Bitcoin ETFs and some altcoin ETFs suggests shifting investor preferences amid market uncertainty. As August begins, market participants will watch whether Bitcoin ETFs can sustain their positive momentum or whether the late-July outflows signal a broader retreat. The coming weeks will be critical in determining if recent volatility is a temporary blip or the start of a longer corrective phase.
