US Spot Bitcoin ETFs Post $84.9M Net Outflows on July 8, Erasing Prior Day's Gains

US spot Bitcoin ETFs swung back to net redemptions on July 8, shedding $84.9 million and wiping out the prior session's $21.5 million inflow. The reversal followed a brief rebound of $265.7 million on July 6, underscoring how uneven institutional demand remains after the holiday break. By asset class, Ether ETFs took in $70.5 million, while Solana ETFs recorded $8.6 million in outflows. Combined flows across Bitcoin, Ether and Solana were negative by roughly $23 million, signaling caution rather than capitulation but challenging the notion that July buying has turned consistent. The Bitcoin outflows were concentrated in a handful of large products. BlackRock's IBIT posted $59.1 million in redemptions after leading inflows with $54.8 million on July 7 and $209.4 million on July 6. Fidelity's FBTC saw $14.9 million leave, and Grayscale's GBTC recorded $63.7 million in outflows. Grayscale's Bitcoin Mini Trust partially offset the weakness with $52.8 million of inflows, while other Bitcoin funds were largely flat. Ether funds provided the key counterbalance. Fidelity's FETH led the group with $69.2 million in inflows, and VanEck's ETHV added $1.3 million; the rest of the Ether lineup was unchanged. The prior day's Ether inflow was driven by BlackRock's ETHA, pointing to issuer rotation rather than a broad, uniform wave of demand. Solana ETF flows moved in the opposite direction, with Bitwise's BSOL losing $6.6 million and Grayscale's GSOL down $2.0 million. Overall, the July 8 tape suggests tactical reallocation across major crypto exposures, with risk appetite still selective and particularly sensitive when Bitcoin funds lose their anchor bid.