Bitcoin ETF volume drops to $8.05 billion, lowest since October 2024

US spot Bitcoin exchange-traded funds (ETFs) recorded a total trading volume of $8.05 billion over the past full week, marking the lowest five-day total since October 2024.

Bitcoin ETF inflows slow as volatility drops

ETF volume for the week was down 14% compared to $9.37 billion in the previous week, according to SoSoValue data. While April 2025 saw a lower weekly volume for the funds, that period spanned only four trading sessions due to market holidays. Among weeks with a full five sessions, this recent period ranks as the slowest since mid-October 2024.

Throughout the week, Bitcoin’s price hovered near $64,000, significantly below its peak late last year. Minimal price movements contributed to reduced trading activity, leaving fewer opportunities for short-term traders.

Spot Bitcoin ETFs posted net inflows of $33.8 million for the week, their third consecutive week of inflows following an earlier streak of eight weeks of outflows that ended in early July. However, the latest figure represents a slowdown compared to $75.7 million the previous week and $197.4 million two weeks ago.

A sharp turnaround occurred midweek: net inflows had reached $499.1 million by Wednesday, but large-scale outflows followed with $225.2 million exiting on Thursday and another $240.1 million on Friday. These outflows erased most of the gains accumulated earlier in the week.

BlackRock’s IBIT, the largest Bitcoin ETF by assets, registered $414.7 million in outflows on Thursday and Friday alone and ended the week down approximately $95.5 million. The ARK 21Shares Bitcoin ETF and Grayscale’s Bitcoin Mini Trust partially offset these withdrawals, attracting $85.8 million and $78.1 million, respectively.

Mini dictionary: SoSoValue, an analytics platform, provides detailed real-time tracking and reporting for digital asset investment products, including ETF flow and volume data.

Inflows to US spot Bitcoin ETFs reached $499.1 million by Wednesday, but heavy withdrawals on Thursday and Friday erased most of those gains, resulting in only $33.8 million in net inflows for the week.

Ether ETFs see stronger inflows and outperform Bitcoin products

Spot Ether ETFs brought in $103.9 million in new funds during the past week, more than triple the Bitcoin ETF net inflows. This marks the third straight week of positive inflows for Ether ETFs, during which they have surpassed Bitcoin ETFs for two consecutive weeks. In the previous week, Ether funds attracted $105.4 million while Bitcoin drew $75.7 million.

At the end of the week, Ether ETFs managed $10.17 billion in net assets, roughly one-eighth of the $77.82 billion held by Bitcoin ETFs. Over the last three weeks, both groups have seen similar cumulative inflows, with Ether ETFs adding $293.8 million and Bitcoin $306.9 million.

BlackRock’s iShares Ethereum Trust accounted for the majority of Ether ETF inflows, taking in $96.3 million. Grayscale’s Ethereum Mini Trust followed at $9.9 million in net inflows. Fidelity’s FETH, however, recorded $6.2 million in outflows. Ether ETF trading volume reached $2.78 billion, about 35% of Bitcoin ETF trading volumes.

Fund TypeWeekly Net InflowsTotal Net AssetsTrading VolumeBitcoin ETFs$33.8 million$77.82 billion$8.05 billionEther ETFs$103.9 million$10.17 billion$2.78 billion

Spot Ether ETFs attracted $103.9 million in weekly inflows, outperforming their Bitcoin counterparts for a second consecutive week.

Outflows still weigh on year-to-date performance

Despite signs of renewed interest in July, the inflows have not offset earlier losses. Since January, Bitcoin ETFs remain down $5.23 billion, maintaining a negative trend for capital movement this year. Ether ETFs are down by about $1.15 billion over the same period despite recent gains.

In July, Ether led the revival, posting $337.7 million in inflows compared to Bitcoin’s $234 million. On July 11, both ETF types broke their eight-week outflow streaks, adding $281.8 million combined, though this was only a partial recovery from the $9.46 billion in outflows recorded over the preceding two months.

Bitcoin ETFs had previously ended a 13-day withdrawal streak on June 5 after redeeming more than $4.4 billion since mid-May. Ether ETFs also halted a 17-day period of declines on that date.

Data from CoinShares shows institutional investors reduced their Bitcoin exposure by 17% during the first quarter, reflecting a broader reassessment of crypto asset allocations. On June 5, $326 million was withdrawn from Bitcoin ETFs, including $214 million in outflows from BlackRock’s IBIT, underscoring ongoing volatility in investor sentiment.

As of early Saturday, Bitcoin traded at approximately $64,368, while Ether changed hands near $1,875, based on aggregated pricing from CoinGecko.

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