U.S. spot bitcoin ETFs posted about $527 million in net outflows over the four trading days ending Thursday, July 2, marking their eighth consecutive negative week and extending the longest weekly outflow run in the funds' history. The record week arrived despite a strong finish, with the funds pulling in $221.72 million on Thursday, their largest single-day inflows since May 5. Bitcoin traded near $63,150 on Saturday after dipping below $58,000 to a 21-month low early in the week, with the rebound following weaker-than-expected U.S. jobs data.
Bitcoin ETFs Record Eighth Consecutive Weekly Outflow
U.S. spot bitcoin ETFs posted about $527 million in net outflows over the four trading days ending Thursday, July 2, their eighth consecutive negative week, per The Block's analysis of SoSoValue data. That extends the longest weekly outflow run in the funds' history; before this stretch began in mid-May, they had never strung together more than five net outflow weeks.
The weekly outflows did slow considerably, down from $1.79 billion the week before. U.S. markets were closed Friday for observance of the Independence Day holiday, shortening the week to four sessions. Year to date, the bitcoin funds have now lost a net $5.53 billion.
Thursday Inflows Reach $221.72 Million
The funds pulled in $221.72 million on Thursday, their largest single-day inflows since May 5, ending a 10-session outflow streak that had drained about $2.71 billion, The Block reported Friday. Fidelity's FBTC led with $165.96 million, followed by ARK and 21Shares' ARKB at $91.84 million.
BlackRock IBIT Posts 11th Straight Day of Redemptions
BlackRock's IBIT, the largest bitcoin fund by net assets, was the only ETF to post an outflow Thursday, losing $40.43 million in its 11th straight day of redemptions, a run that has cost the fund roughly $2.2 billion. The fund now holds $44.91 billion against $59.99 billion in cumulative inflows since launch. The Block reported last week that the average IBIT investor is sitting on a loss of roughly 40%.
The 10-day streak was the second-longest daily run on record, behind only a 13-session stretch from mid-May to early June that drained $4.37 billion.
Bitcoin Price Rebounds From 21-Month Low
Bitcoin traded near $63,150 on Saturday after dipping below $58,000 to a 21-month low early in the week, according to The Block's Bitcoin Price page. The rebound followed weaker-than-expected U.S. jobs data that traders read as lowering the odds of a Federal Reserve rate increase, though CryptoQuant analysts cautioned Friday that rising exchange deposits point to more volatility ahead.
Ether ETFs Post Eighth Consecutive Weekly Outflow
Spot ether ETFs lost a net $13.67 million in the week ending Thursday, their eighth consecutive weekly outflow, per SoSoValue data. The run now matches the eight-week record the category set between late February and mid-April of 2025.
The week nearly broke even, though. The funds took in $14.89 million on Wednesday and $29.08 million on Thursday, their first back-to-back daily inflows since mid-June, with BlackRock's ETHA leading Thursday at $29.74 million.
Ether traded near $1,780 on Saturday, according to The Block's Ethereum Price page. The ether funds hold $9.02 billion in net assets, about 4.4% of the token's market value, and have lost a net $1.44 billion so far this year.
Hyperliquid ETF Inflows Slow to $4.32 Million
U.S.-based Hyperliquid ETFs took in $4.32 million for the week. That is their smallest weekly inflow level since the funds launched in mid-May, below the $5.87 million posted in the week ending June 12, per SoSoValue data.
The slowdown follows the group's best week on record, a $111.36 million net inflow in the week ending June 26 that was driven by Bitwise's BHYP. The funds gathered roughly $161 million in June overall.
The three Hyperliquid products now hold $336.41 million in combined net assets against $298.24 million in cumulative inflows. Bitwise's BHYP is the largest at $135.49 million, followed by Grayscale's HYPG at $128.58 million and 21Shares' THYP at $72.34 million.
FAQ
What caused Bitcoin ETFs' eighth consecutive weekly outflow?
U.S. spot bitcoin ETFs posted about $527 million in net outflows over the four trading days ending Thursday, July 2, extending the longest weekly outflow run in the funds' history. The record week arrived despite a strong finish on Thursday with $221.72 million in inflows.
How did BlackRock's IBIT perform during the week ending Thursday, July 2?
BlackRock's IBIT was the only ETF to post an outflow on Thursday, losing $40.43 million in its 11th straight day of redemptions. The 11-day run has cost the fund roughly $2.2 billion, and the fund now holds $44.91 billion against $59.99 billion in cumulative inflows since launch.
What was Bitcoin's price movement during the week ending Thursday, July 2?
Bitcoin traded near $63,150 on Saturday after dipping below $58,000 to a 21-month low early in the week. The rebound followed weaker-than-expected U.S. jobs data that traders read as lowering the odds of a Federal Reserve rate increase.
