Crypto ETF flows weakened further on Thursday, July 9, as U.S.-listed Bitcoin and Ether funds recorded combined outflows of $147.5 million, extending the uneven post-holiday trend in institutional digital asset demand.
According to Farside Investors, spot Bitcoin ETFs posted $95.3 million in net outflows on July 9, while Ether ETFs lost $52.2 million. Solana ETFs were the only positive category, but inflows totaled just $0.4 million. Across Bitcoin, Ether and Solana products, total net flows were negative by about $147.1 million.
The data marked a second consecutive weak session after crypto ETF demand had appeared to stabilize earlier in the week. Bitcoin ETFs took in $265.7 million on July 6 and $21.5 million on July 7, before flipping to $84.9 million of outflows on July 8 and then deepening to $95.3 million of outflows on July 9. Ether funds, which had helped offset Bitcoin weakness with $70.5 million of inflows on July 8, also turned negative the following day.
The July 9 figures suggest institutional buyers remain cautious even as Bitcoin trades above the $63,000 level. ETF flows have become one of the most important indicators of whether traditional-market investors are adding crypto exposure through regulated products or reducing risk after volatile price action.
Bitcoin Outflows Broaden Beyond One Fund
Bitcoin ETF weakness was led by Fidelity’s FBTC, which recorded $63.3 million of outflows. Ark and 21Shares’ ARKB lost $39.9 million, while several smaller inflows only partially offset the redemptions. VanEck’s HODL added $5.4 million, Morgan Stanley’s MSBT added $2.2 million and Bitwise’s BITB posted a marginal $0.3 million inflow.
BlackRock’s IBIT, Grayscale’s GBTC and Grayscale’s lower-fee BTC product were flat for the session. That was notable because IBIT had been the main driver of inflows earlier in the week, attracting $209.4 million on July 6 and $54.8 million on July 7 before recording outflows on July 8. A flat day from IBIT left the category without its usual strongest source of demand.
The composition of flows matters. Earlier in the week, Bitcoin ETF strength was concentrated in a small number of products, especially IBIT. On July 9, the category lacked a major offsetting inflow, allowing redemptions from FBTC and ARKB to pull the overall total deeper into negative territory.
The data does not necessarily point to a sustained institutional exit, but it does show that investors are not yet rebuilding exposure broadly across issuers. Instead, flows remain tactical, issuer-specific and sensitive to short-term market conditions.
Ether Funds Reverse Sharply
Ether ETFs also weakened after a strong July 8 session. Farside data showed $52.2 million of net outflows on July 9, led by Fidelity’s FETH, which lost $34.0 million. BlackRock’s ETHA saw $12.7 million of outflows, Grayscale’s ETHB lost $2.7 million and Bitwise’s ETHW lost $2.8 million. Other Ether products, including VanEck’s ETHV, Invesco’s QETH, Franklin’s EZET, Grayscale’s ETHE and Grayscale’s ETH, were flat.
The reversal was significant because Ether ETFs had been the strongest part of the crypto ETF market a day earlier. On July 8, Ether funds added $70.5 million, led almost entirely by Fidelity’s FETH. The same fund then became the largest source of outflows on July 9, highlighting how quickly allocations can reverse when flows are concentrated.
Solana ETFs offered only a small positive signal. The category recorded $0.4 million of net inflows, with VanEck’s VSOL adding $0.3 million and VanEck’s TSOL adding $0.1 million. Bitwise’s BSOL, Fidelity’s FSOL, Franklin’s SOEZ and Grayscale’s GSOL were flat.
The broader market signal from July 9 is cautious. Bitcoin and Ether ETF outflows outweighed the negligible Solana inflow, showing that regulated crypto products are still struggling to attract consistent post-holiday demand. For traders, the next test is whether Bitcoin ETF redemptions stabilize or whether outflows continue despite the asset’s recovery above $63,000.
For crypto markets, sustained ETF weakness would complicate the rebound narrative. The July 9 data shows that institutional access remains open, but conviction is still uneven.
