U.S.-listed crypto ETF flows remained positive on Thursday, July 16, but the market showed a clear split between Bitcoin, Ether and Solana products as Bitcoin funds extended their inflow streak while Ether ETFs reversed into outflows.
According to Farside Investors, spot Bitcoin ETFs recorded $79.1 million of net inflows on July 16. Ether ETFs posted $28 million of net outflows, while Solana ETFs added $1.7 million. Across the three categories, Bitcoin, Ether and Solana ETFs produced a combined $52.8 million of net inflows for the session.
The July 16 data marked a slower but still positive day after stronger inflows earlier in the week. On July 15, Bitcoin ETFs added $107.7 million and Ether ETFs brought in $53.9 million, while Solana products lost $700,000. On July 14, Bitcoin and Ether funds together attracted nearly $240 million. The latest session therefore showed that demand remained present, but momentum weakened and became more uneven.
Bitcoin inflows were led by BlackRock’s iShares Bitcoin Trust, which added $33.4 million. Fidelity’s FBTC brought in $30.7 million, while Bitwise’s BITB added $15 million. Other Bitcoin ETFs, including ARKB, BTCO, EZBC, BRRR, HODL, BTCW, MSBT, GBTC and Grayscale’s BTC product, were flat for the day.
Bitcoin Demand Broadens Beyond BlackRock
The July 16 Bitcoin ETF flow mix was healthier than some earlier sessions because inflows were spread across three major issuers rather than being almost entirely dependent on BlackRock. IBIT still led the category, but Fidelity and Bitwise together contributed $45.7 million, more than half of the day’s total Bitcoin ETF inflow.
That matters because recent crypto ETF demand has often been highly concentrated. On July 15, IBIT accounted for $80.8 million of the $107.7 million in total Bitcoin ETF inflows. On July 14, IBIT brought in $138.9 million of the category’s $181.1 million. The July 16 distribution suggests broader participation from institutional buyers, even though the total was smaller.
The absence of GBTC outflows was also important. Older Grayscale Bitcoin Trust redemptions have historically reduced the net impact of inflows into newer products. With GBTC flat on July 16, new money into IBIT, FBTC and BITB translated directly into a positive category result.
For Bitcoin markets, ETF flows remain a key measure of regulated institutional demand. A third consecutive positive session supports the view that the July 13 outflow shock was not the start of a sustained reversal, though the smaller total points to more cautious allocation.
Ether Breaks Its Inflow Streak
Ether ETFs were the weak point on July 16, recording $28 million in net outflows. Fidelity’s FETH lost $11.2 million, Grayscale’s ETHE lost $4.8 million and Grayscale’s ETH product lost $14.3 million. The only positive Ether flow came from ETHW, which added $2.3 million, while ETHA, ETHB, TETH, ETHV, QETH and EZET were flat.
The reversal is notable because Ether ETFs had recorded two positive sessions earlier in the week, including $58.3 million on July 14 and $53.9 million on July 15. The lack of inflows into BlackRock’s ETHA on July 16 was especially significant, since ETHA had driven most recent Ether ETF demand.
Solana ETFs remained small but positive. Farside data showed $1.7 million of net inflows, entirely from Grayscale’s GSOL, while BSOL, VSOL, FSOL, TSOL and SOEZ were flat.
The broader signal from July 16 is mixed. Bitcoin ETF demand stayed constructive and broadened across issuers, Solana saw a modest inflow, but Ether lost momentum. Crypto ETF flows were still net positive overall, yet the session showed that institutional demand is not moving uniformly across digital assets. For traders, the next test is whether Bitcoin can keep attracting multi-issuer inflows and whether Ether’s outflow proves temporary or the start of renewed weakness.
