Market Pulse: Blackrock and Vaneck Lead $90 Million Bitcoin ETF Inflow as Funds Notch First Green Week Since May

Across major exchanges, spot bitcoin venue-traded funds (ETFs) attracted $90.44 million on July 10 while ether funds added $18.43 million, sealing the bitcoin products’ first weekly net inflow since May.

Blackrock’s IBIT supplied $86.83 million of the day’s total.

Spot bitcoin ETFs recorded $90.44 million in combined net inflows on Friday, July 10, while spot ether ETFs pulled in $18.43 million.

The twin readings capped a tumultous stretch of trading and handed the bitcoin funds their first green week since May.

Blackrock’s iShares Bitcoin Trust (IBIT) did the heavy lifting, drawing $86.83 million of the day’s total, while Vaneck’s HODL fund added $3.61 million.

On the ether side, Blackrock’s ETHA and Fidelity’s FETH remain the category’s dominant products.

The week opened strong, with $265.69 million flowing into bitcoin funds on July 6, behind a $209.40 million haul for IBIT.

The mood then reversed as bitcoin ETFs shed $84.9 million on July 8 even as ether products drew $70.5 million for a fifth straight positive day.