US Spot-Bitcoin ETFs Log Record Eighth Straight Week of Net Outflows
Summary
- US spot-Bitcoin ETFs posted net outflows for an eighth straight week, extending the longest outflow streak since the products launched.
- BlackRock's IBIT logged net outflows for 11 straight trading days, bringing cumulative redemptions to about $2.2 billion, while the average investor's unrealized loss has reached about 40%.
- US spot-Bitcoin and spot-Ethereum ETFs have recorded year-to-date net outflows of $5.53 billion and $1.44 billion, respectively, adding to concerns over market volatility.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds posted net outflows for an eighth straight week, extending the longest losing streak since the products launched.
The Block, citing SoSoValue data on July 4, reported that US spot-Bitcoin ETFs recorded about $527 million of net outflows over the four trading sessions through Thursday, July 2. That stretched the run of weekly outflows, which began in mid-May, to eight weeks. The previous record was five weeks.
Thursday alone broke the pattern. The group posted $221.72 million in net inflows, ending a 10-trading-day run of outflows. It was the biggest one-day inflow since May 5. Fidelity's FBTC led with $165.96 million, followed by ARK 21Shares' ARKB at $91.84 million.
BlackRock's IBIT, the largest Bitcoin ETF by assets under management, continued to shed assets on Thursday. The fund posted $40.43 million in net outflows, extending its streak to 11 straight trading days. Cumulative outflows over that stretch have reached about $2.2 billion. IBIT now has net assets of $44.91 billion, well below its cumulative net inflows of $59.99 billion since launch. The Block reported last week that the average IBIT investor is sitting on an unrealized loss of about 40%.
US spot-Bitcoin ETFs have logged cumulative net outflows of $5.53 billion so far this year. Bitcoin fell below $58,000 earlier in the week, hitting its lowest level in 21 months, before rebounding to trade near $63,150. CryptoQuant analysts said rising exchange deposits point to further volatility.
Spot-Ethereum ETFs also recorded $13.67 million in net outflows that week, extending their outflow streak to eight weeks. That matched the previous record set between late February 2025 and mid-April 2025. Ether traded near $1,780, while cumulative net outflows from spot-Ethereum ETFs this year reached $1.44 billion.
Spot Hyperliquid ETFs drew $4.32 million in net inflows that week, the smallest weekly intake since their mid-May launch. The slowdown followed a record $111.36 million of weekly net inflows the previous week. Combined net assets for three products - Bitwise's BHYP, Grayscale's HYPG and 21Shares' THYP - stand at $336.41 million.
