Bitcoin ETF Trading Volume Drops to Lowest Since October 2024 as Ether ETFs Lead Inflows
What happened: US spot Bitcoin ETFs saw just $8.
What happened: US spot Bitcoin ETFs saw just $8.05 billion in trading volume for the week ending July 25, 2026—a 14% decline from the previous week and the lowest full-week volume since October 2024. Net inflows for BTC ETFs were a modest $33.8 million, with most of the week’s earlier gains erased by outflows. In contrast, spot Ether ETFs attracted $103.9 million in net inflows, outperforming Bitcoin funds for the second consecutive week. Over the past three weeks, ETH ETFs have drawn $293.8 million versus $306.9 million for BTC ETFs, despite ETH ETF assets being roughly one-eighth the size of BTC ETF assets.
Why it matters: The slump in Bitcoin ETF volume and inflows signals waning institutional interest, even as Ether products attract relatively more capital. While ETH ETFs are outperforming BTC ETFs on a weekly basis, both categories remain net negative for 2026 (BTC ETFs: −$5.23B; ETH ETFs: −$1.15B). The data suggests a maturing ETF market with shifting investor focus, but not a broad-based resurgence in crypto fund demand.
Source: The Block