U.S. spot Bitcoin ETFs recorded about $527 million in net outflows over the four trading days ending July 2. The loss marked the eighth straight negative week for the funds and set their longest weekly outflow run since launch.
Summary
- Bitcoin ETFs posted their eighth weekly outflow, even after July 2 brought renewed daily inflows.
- IBIT extended its redemption run, while Fidelity and ARK funds led the rebound day overall.
- Ether ETFs also stayed negative for the week, but Hyperliquid products still attracted new capital.
The weekly decline came even after the products returned to daily inflows on July 2. The data showed that one strong session was not enough to erase heavy redemptions from earlier in the week.
The latest run also followed a weak June for the sector. According to crypto.news, U.S. spot Bitcoin ETFs saw more than $4 billion leave the products during June, making it their worst month since approval.
July 2 inflows break daily losing run
The daily picture improved on July 2, when Bitcoin ETFs recorded $221.7 million in net inflows. That ended a 10-day withdrawal streak that had pulled nearly $2.7 billion from the funds.
Fidelity’s FBTC led the rebound with about $166 million in inflows. ARK 21Shares’ ARKB added about $91.8 million, while VanEck’s HODL drew about $4.4 million.
BlackRock’s IBIT still moved in the opposite direction. The fund posted about $40.4 million in net outflows, extending its redemption run to 11 straight trading days.
That split kept doubts around the recovery. Crypto.news noted that “One $221 million day against a month of $4 billion proves nothing,” as traders looked for more green sessions across several funds.
IBIT remains the main source of selling
IBIT remained the key drag on weekly flows. Farside data showed that the BlackRock fund lost money on each trading day from June 29 through July 2, while some rival funds showed mixed demand.
The fund’s outflows stood out because IBIT has been the largest spot Bitcoin ETF by assets and trading activity. When the largest product keeps bleeding, it can weigh on the full sector even when smaller funds attract fresh capital.
The pattern also showed that ETF demand had not fully recovered. A stronger trend would require more than one inflow day and broader buying across the largest funds.
Bitcoin recovered during the same period. Crypto.news reported that weak U.S. jobs data and softer Federal Reserve comments helped Bitcoin move back above $61,000 after falling below $58,000 earlier in the week.
Ether and Hyperliquid funds show mixed flows
U.S. spot Ethereum ETFs also ended the four-day period in negative territory. The products saw net outflows for the week, even though they posted positive daily flows on July 1 and July 2.
BlackRock’s ETHA recorded about $29.7 million in inflows on July 2. That helped the Ethereum ETF group post a positive daily result, but it did not fully offset earlier losses.
Hyperliquid ETFs stayed positive for the week, but demand slowed. Farside data showed about $4.3 million in net inflows across June 29 to July 2.
The figure was far below the previous week’s strong total. This showed that demand for smaller crypto ETF products remained active, but investors moved with more caution.
Market focus shifts to ETF breadth
The next focus for traders is whether ETF inflows can spread across more products. A single strong day can ease pressure, but it does not confirm a wider recovery.
The market will also watch IBIT closely. If BlackRock’s fund continues to record outflows, the ETF sector may stay under pressure despite inflows into rival products.At the same time, whale activity has sent a different signal. Crypto.news reported that large Bitcoin wallets accumulated about 270,000 BTC while ETFs saw record outflows in June.
As of then, the data shows a split market. ETF investors have reduced exposure for eight weeks, while some large on-chain holders have added Bitcoin during the selloff.
No Comment! Be the first one.