US Ethereum ETFs Break Five-Day Inflow Streak with $70.6 Million in Outflows, Yet the Week Remains Positive
American spot Ethereum exchange-traded funds recorded $70.62 million in net outflows on Friday, July 24, ending a consecutive five-day streak of capital inflows. Nevertheless, the week remains broadly positive for these financial products, which continue to draw attention from Wall Street despite a tense macroeconomic environment.
A Predictable Reversal in a Stressed Market
The nine spot Ethereum ETFs traded in the United States had gathered $211.25 million in net inflows between July 17 and July 23, according to data from SoSoValue. Friday therefore marks a pause — but not a trend reversal: with $103.9 million in net inflows over the full week, the streak of positive weekly inflows now reaches three consecutive weeks. Since the beginning of July, Ethereum ETFs have attracted $337.74 million net.
This figure takes on its full meaning in a context where Bitcoin ETFs also experienced a difficult Friday: $240.08 million in outflows, breaking a seven-day inflow streak. The movement is therefore widespread — both categories of crypto ETFs are facing the same selling pressure at the end of the week.
Macroeconomic Headwinds Weigh on Risk Assets
This pullback coincides with a sharp rise in US bond yields, which have reached their highest levels since the 2008 financial crisis. The 10-year Treasury yield has exceeded 4.8%, prompting markets to reassess the probability of further monetary tightening by the Federal Reserve.
This pressure on rates has a mechanical effect on risk assets: when government bonds offer attractive risk-free returns, investors reallocate their portfolios away from growth stocks and cryptocurrencies. Bitcoin, which has slipped below $64,000, and Ethereum, currently trading at $1,837 after touching $1,954 midweek, perfectly illustrate this dynamic.
Wall Street Isn’t Leaving Ethereum — It’s Repositioning
While this $70 million outflow may seem concerning at first glance, it must be put into perspective. Ethereum ETFs have just strung together three consecutive weeks of net inflows, following a difficult June (which saw $4.5 billion in outflows from Bitcoin ETFs).
Moreover, there are signs that Wall Street is actively repositioning on Ethereum. According to Yahoo Finance, institutional capital is gradually moving away from derivatives products like Hyperliquid (HYPE) and redirecting toward regulated products — with spot Ethereum ETFs being the preferred vehicle for traditional investors to gain exposure to ETH.
This rotation from DeFi toward regulated traditional finance is a structural trend that could support Ethereum’s price over the medium term, even if short-term volatility remains high.
Key Data for Ethereum ETFs (Week of July 20 – 24)
- Friday net outflows: $70.62 million (end of 5-day inflow streak)
- Weekly net inflows: $103.9 million
- Net inflows since July 1: $337.74 million
- Positive weekly streak: 3 consecutive weeks
- ETH weekly high: $1,954 (Wednesday)
- Current ETH price: ~$1,837
Comparison with Bitcoin ETFs
Spot Bitcoin ETFs followed a similar but amplified trajectory:
- Friday net outflows: $240.08 million (end of 7-day inflow streak)
- Weekly net inflows: $103.90 million
- Since July 1: $233.96 million
- Reminder: June 2026 saw $4.5 billion in outflows — a record low
This parallelism shows that crypto ETF...
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