Inflows into US spot Ethereum ETFs came to a halt heading into the weekend. Data from SoSoValue recorded net outflows of $70.62 million on Friday, July 25, 2026. This ended an uninterrupted five-session positive streak. In contrast, during the prior July 17-24 trading period, the Ethereum-based investment products had drawn $211.25 million in fresh capital into the market.
While the daily drop weighed on the closing session, it was not enough to derail medium-term accumulation. Ethereum ETFs still closed the week with $103.9 million in net inflows, extending their weekly winning streak to three consecutive weeks. Since the beginning of July 2026, cumulative net inflows into Ethereum ETFs have reached $337.74 million.
Outflows also spilled over into Bitcoin investment products, which posted a second consecutive day of redemptions totaling $240.08 million on Friday. This reversal began on Thursday, snapping a seven-day streak of uninterrupted inflows.
Calculating Japan’s $18.4 Billion Potential
As the US market faced a daily capital correction, crypto asset management platform XWIN turned its sights toward Asia. Following crypto regulatory reforms in Japan, XWIN released a new projection: a mature Japanese spot Bitcoin ETF market could eventually reach $18.4 billion.
The estimate is grounded in domestic household wealth. The $18.4 billion figure represents 0.13% of Japan’s total household financial assets, which currently stand at around $14.6 trillion. XWIN modeled this estimate across three key demographic drivers: existing active crypto holders, new retail investors entering via brokerage accounts, and institutional allocators.
The introduction of official investment vehicles could transform how the Japanese public interacts with digital assets. If Japan approves such ETFs, traditional investors could gain direct exposure to Bitcoin using the brokerage and custody systems they already use daily, without needing to set up self-custody crypto wallets.
Why the US Serves as the Benchmark
In developing its model, XWIN used Bitcoin adoption in the United States as its primary benchmark. Currently, all US spot Bitcoin ETFs combined - excluding Grayscale’s GBTC fund - have accumulated approximately one million Bitcoin.
The accumulation volume in the US highlights the strength of institutional purchasing power through traditional financial channels. While Western exchanges saw tens of millions in outflows at the end of the week, regulatory reforms in Japan are setting the stage to unlock billions of dollars in fresh capital down the road.
Reported via Cointelegraph.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
