Crypto ETFs Post $527M Bitcoin Outflows, Marking an Eighth Straight Weekly Loss

US spot crypto ETFs extended their losing streak in the week from June 29 to July 2, led by heavy redemptions from Bitcoin products. Spot Bitcoin ETFs saw $527 million in net outflows, the eighth consecutive week of withdrawals. Ethereum ETFs also stayed negative, losing $13.67 million over the same period, matching an eighth straight down week. Over the past 30 days, Bitcoin ETFs have shed about $3.58 billion, while Ethereum products are down roughly $350 million. Even so, the category remains sizable: Bitcoin ETFs hold $74.37 billion in net assets versus $51.08 billion in cumulative inflows since launch, and Ethereum ETFs hold $9.02 billion. The picture is less a collapse than a persistent drip of capital leaving, with new demand not yet strong enough to offset the exits. Bitcoin products accounted for most of the week's damage. The $527 million outflow followed a volatile June that included a $1.79 billion outflow week on June 26 and a $1.72 billion decline in the week of June 5. Redemptions eased midmonth, with outflows of $226.84 million and $315.84 million in the weeks of June 18 and June 12, before picking up again into month-end. One late-week data point stood out: despite the week finishing in the red, the final trading day was positive. On July 2, spot Bitcoin ETFs recorded $221.72 million of net inflows in a single session. Activity remained concentrated in Bitcoin funds, which logged $9.19 billion in weekly trading volume across 13 ETFs. Altcoin-focused products moved in the opposite direction. Solana funds brought in $5.75 million for the week, XRP ETFs added $17.19 million, and HYPE products took in $4.32 million. Over the past 30 days, HYPE funds are up $161.71 million. XRP stood out for consistency: its five funds have posted weekly inflows throughout the available data, lifting cumulative inflows to $1.49 billion and net assets to nearly $988 million. The broader takeaway is rotation rather than a wholesale retreat. While investors have been cutting exposure to the largest spot crypto ETFs, pockets of demand have shifted toward smaller, newer products. Eight straight weeks of Bitcoin ETF outflows points to a sustained trend, not short-term noise. Potential drivers include profit-taking after a strong run and investors reallocating while price action remains choppy. The July 2 inflow offers an early sign sentiment could stabilize, but a single strong day has not yet reversed the two-month pattern. Market participants will be watching for a full week of positive Bitcoin ETF flows to break the streak and potentially improve sentiment across the sector.