U.S. spot bitcoin ETFs recorded net outflows of approximately $527 million during the holiday-shortened week ending Thursday, July 2, marking the eighth consecutive week of redemptions and the longest negative streak in the category's history. The drawdown occurred across only 4 trading sessions, with U.S. markets closed Friday for the Independence Day holiday. The weekly loss was smaller than the prior week's $1.79 billion drain, indicating easing selling pressure, though the funds finished the week with a $221.72 million inflow on Thursday, their largest single-day inflow since May 5. Before the current streak began in mid-May, spot bitcoin ETFs had never recorded more than 5 straight weeks of net outflows.
Bitcoin ETFs Record $527 Million Weekly Outflow in Holiday-Shortened Week
The $527 million outflow extended the category's weekly redemption streak to 8 consecutive weeks, setting a new record for the longest negative run since spot bitcoin ETFs launched. The loss came across 4 trading sessions, with U.S. markets closed Friday for the Independence Day holiday. The weekly figure was significantly lower than the prior week's $1.79 billion drain, showing reduced selling pressure.
The funds ended the week on a stronger note, taking in $221.72 million on Thursday, their largest single-day inflow since May 5. That Thursday rebound ended a 10-session outflow streak that had pulled approximately $2.71 billion from the products. Fidelity's FBTC led the inflows with $165.96 million, followed by ARK and 21Shares' ARKB with $91.84 million.
BlackRock IBIT Extends Redemption Streak to 11 Sessions
BlackRock's IBIT was the only spot bitcoin ETF to post an outflow on Thursday, losing $40.43 million and extending its redemption streak to 11 consecutive sessions. That run has cost IBIT roughly $2.2 billion. The fund now holds $44.91 billion in net assets against $59.99 billion in cumulative inflows since launch.
IBIT remains the largest spot bitcoin ETF by net assets. The sustained outflow streak matters because the fund has been the anchor product for institutional and adviser-driven bitcoin exposure. Bitcoin traded near $63,150 on Saturday after falling below $58,000 earlier in the week, its lowest level in 21 months. The rebound followed weaker-than-expected U.S. jobs data.
Ether ETFs Post Eighth Consecutive Weekly Outflow
Spot ether ETFs lost a net $13.67 million over the week, marking their 8th consecutive weekly outflow. That ties the category's record negative streak set between late February and mid-April 2025. The weekly loss was modest, and the funds nearly broke even after posting back-to-back inflows on Wednesday and Thursday. The group took in $14.89 million on Wednesday and $29.08 million on Thursday, its first 2-day inflow run since mid-June.
BlackRock's ETHA led Thursday's ether ETF inflows with $29.74 million. Ether traded near $1,780 on Saturday, while the funds held $9.02 billion in net assets, equal to about 4.4% of the token's market value. Year to date, spot ether ETFs have lost a net $1.44 billion.
Hyperliquid ETFs See Inflows Slow to $4.32 Million
U.S.-based Hyperliquid ETFs remained positive for the week, but inflows slowed sharply. The products took in $4.32 million, their smallest weekly inflow since launching in mid-May. The slowdown followed the group's strongest week on record, when it attracted $111.36 million in net inflows in the week ending June 26. Bitwise's BHYP drove that surge, helping the Hyperliquid ETF group gather roughly $161 million across June.
The 3 Hyperliquid products now hold $336.41 million in combined net assets against $298.24 million in cumulative inflows. Bitwise's BHYP is the largest with $135.49 million, followed by Grayscale's HYPG with $128.58 million and 21Shares' THYP with $72.34 million.
FAQ
What caused the $527 million outflow from bitcoin ETFs during the week ending Thursday, July 2?
U.S. spot bitcoin ETFs recorded $527 million in net outflows during the holiday-shortened week ending Thursday, July 2, extending their weekly redemption streak to 8 consecutive weeks. The drawdown occurred across 4 trading sessions, with U.S. markets closed Friday for the Independence Day holiday. The weekly loss was smaller than the prior week's $1.79 billion drain, and the funds ended the week with a $221.72 million inflow on Thursday, their largest single-day inflow since May 5.
Why did BlackRock's IBIT continue to lose funds on Thursday?
BlackRock's IBIT was the only spot bitcoin ETF to post an outflow on Thursday, losing $40.43 million and extending its redemption streak to 11 consecutive sessions. That run has cost IBIT roughly $2.2 billion. The fund now holds $44.91 billion in net assets against $59.99 billion in cumulative inflows since launch, and remains the largest spot bitcoin ETF by net assets.
How did ether ETFs perform during the same week?
Spot ether ETFs lost a net $13.67 million over the week, marking their 8th consecutive weekly outflow and tying the category's record negative streak set between late February and mid-April 2025. The funds posted back-to-back inflows on Wednesday ($14.89 million) and Thursday ($29.08 million), their first 2-day inflow run since mid-June. BlackRock's ETHA led Thursday's inflows with $29.74 million.
