Bitcoin ETFs Log Record Eighth Consecutive Week of Outflows Despite $221.72M Thursday Inflow

According to The Block's analysis of SoSoValue data, U.S. spot bitcoin ETFs posted about $527 million in net outflows over the four trading days ending Thursday, July 2, marking their eighth consecutive negative week. This extends the longest weekly outflow streak in the funds' history; the previous record was five consecutive weeks. Despite the weekly outflow, the funds rebounded sharply on Thursday with $221.72 million in inflows, their largest single-day intake since May 5. Fidelity's FBTC led with $165.96 million, followed by ARK and 21Shares' ARKB at $91.84 million.

BlackRock's IBIT, the largest bitcoin ETF by net assets, was the only major fund posting outflows Thursday, losing $40.43 million as part of an 11-day redemption streak that has drained roughly $2.2 billion. The fund now holds $44.91 billion against $59.99 billion in cumulative inflows since launch. Spot ether ETFs posted their eighth consecutive weekly outflow, losing $13.67 million for the week, matching the category's previous eight-week record from early 2025.