This week’s cryptocurrency market was characterized by conflicting signals surrounding institutional fund flows. While the substantial capital outflows from BlackRock’s Bitcoin and Ethereum ETFs, revealed in filings with the U.S. Securities and Exchange Commission (SEC), weighed on the market, inflows into spot Bitcoin ETFs have recently resumed, helping prices find a floor. Fear has receded, but conviction for a sustained rebound remains elusive.

According to quarterly reports filed with the SEC, BlackRock’s spot Bitcoin ETF, the “iShares Bitcoin Trust (IBIT),” and its spot Ethereum ETF, the “iShares Ethereum Trust (ETHA),” recorded a combined net decrease of $3.5 billion (approximately ¥550 billion) in the second quarter of 2026…