Bitcoin spot ETFs pull in $222M after 10-day outflow run
AI Market Summary
U.S. spot Bitcoin ETFs recorded a $222M net inflow after a 10-day, $2.709B outflow streak, led by Fidelity's FBTC and Ark's ARKB, while BlackRock's IBIT still saw $40.4M outflows. The reversal signals improved near-term institutional demand but remains uneven, aligning with stabilizing rather than strongly risk-on price action. ETH ETFs also flipped to modest inflows, while some altcoin ETFs saw larger relative inflows.
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● Neutral
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U.S. spot Bitcoin ETFs snapped a 10-day stretch of net withdrawals on July 2, posting $222 million in net inflows. Fidelity's FBTC led the group with $166 million, followed by ARK Invest's ARKB at $91.8 million.
BlackRock's IBIT, typically the largest driver of daily flows, did not participate in the rebound. Farside Investors data shows IBIT logged $40.4 million in net outflows on July 2.
Over the prior 10 sessions, spot Bitcoin ETFs recorded $2.709 billion in total net outflows, with IBIT accounting for the biggest share. Morgan Stanley's MSBT, despite being a newer entrant, managed to maintain a longer inflow streak than several larger rivals.
Bitcoin's price moved in the same direction as flows but has not reclaimed the $65,000 level. BTC was trading around $67,000 before the outflow trend started, slipped below $60,000 during the period and briefly touched $58,000. At the time of writing, it had rebounded to about $62,713. The move suggests renewed institutional buying has helped stabilize prices, though it has not been strong enough to fuel a broader recovery.
Ethereum ETFs showed a similar setup: nine straight days of outflows, followed by net inflows of $14.8 million on July 1 and $29.08 million on July 2, based on Farside Investors. BlackRock's ETHA recorded the largest outflows in that group. ETH was around $1,750 and later recovered to $1,755.91.
Other crypto ETF categories were more mixed. Solana ETFs saw $6.4 million in outflows and $14.3 million in inflows. XRP ETFs posted $3.69 million in outflows and $47.43 million in inflows. The HYPE ETF recorded $3.01 million in withdrawals and $120.83 million in inflows.
The flow shifts come as Artemis data indicates total assets under management across U.S. crypto ETFs have fallen to levels last seen in November 2024.
Summary: Spot Bitcoin ETFs broke their 10-day outflow streak, but BTC remained below $65,000. Ethereum ETFs followed a comparable pattern, while other altcoin ETFs registered larger inflows over the same period.
