Blackrock’s IBIT Sees $773 Million Weekly Exit as Bitcoin ETFs Lose $527 Million

Bitcoin and ether funds closed the week in the red for an eighth straight week. Altcoin ETFs, however, showed more resilience, with XRP, Solana and HYPE products all attracting capital between June 29 and July 2.

Key Takeaways

• Bitcoin exchange-traded funds (ETFs) lost $527M, with Blackrock’s IBIT driving an 8th straight weekly outflow.
• XRP, Solana and HYPE ETFs gained, showing selective demand beyond bitcoin.
• Blackrock’s ETHA helped ether recover, but ETFs still ended the week with $13.67M outflows.

XRP ETFs Add $17.2 Million as Ether ETFs End Week Down $13.7 Million

The crypto ETF market ended the shortened week with a late rebound, but not enough to change the headline.

Spot bitcoin ETFs recorded $527 million in net outflows, marking their eighth consecutive week of redemptions. The pressure was again concentrated in Blackrock’s IBIT, which lost $772.6 million for the week.

That single outflow overwhelmed gains across much of the bitcoin ETF complex.

Fidelity’s FBTC added $100.9 million, while Ark & 21Shares’ ARKB brought in $101.9 million. Morgan Stanley’s MSBT drew $37.1 million, Vaneck’s HODL added $10.3 million, and Grayscale’s Bitcoin Mini Trust gained $13.4 million.

Smaller inflows also came through Invesco’s BTCO ($5.4 million), Franklin’s EZBC ($3.5 million), and Valkyrie’s BRRR ($1.7 million). Grayscale’s GBTC was the other weekly drag, losing $27.7 million.

First week in July sees outflow streak continue, albeit at a slower pace than in June. Source: Sosovalue The daily pattern showed just how uneven the week was. Bitcoin ETFs saw outflows of $231.10 million on Monday, $222.64 million on Tuesday and $294.62 million on Wednesday. Thursday finally brought relief, with a $221.72 million inflow, the strongest daily addition since May 5 and the first positive session after a 10-day outflow streak.

Ether ETFs also remained slightly negative, posting $13.67 million in net outflows for the week. That marked their eighth straight week of redemptions.

The category lost $30.04 million on Monday and $27.60 million on Tuesday, before turning positive later in the week. Ether ETFs added $14.89 million on Wednesday and $29.08 million on Thursday, helped by renewed demand for Blackrock’s ETHA. The late recovery narrowed the weekly loss, but it did not erase it.

Altcoins Tell a Stronger Story

Spot XRP ETFs recorded $17.19 million in net inflows, led by a strong start to the week. XRP products added $15.34 million on Monday, slipped by $2.83 million on Tuesday and $1.86 million on Wednesday, then rebounded with $6.55 million in inflows on Thursday.

Spot Solana ETFs brought in $5.75 million. The group added $5.52 million on Monday, lost $2.50 million on Tuesday, gained $521,070 on Wednesday, and added another $2.20 million on Thursday.

Spot HYPE ETFs posted $4.32 million in net inflows. The category added $2.23 million on Monday, saw a rare $3.01 million outflow on Tuesday, then recovered with $2.85 million on Wednesday and $2.24 million on Thursday.

The week’s flows showed a market still weighed down by bitcoin’s dominant outflows, especially from IBIT. Yet the broader picture was not uniformly weak. Ether nearly stabilized, bitcoin found a late bid, and altcoin ETFs continued to attract selective demand. For now, crypto ETF investors are not leaving the market altogether. They are rotating with care.