$350M Outflows End 15-Day Run

On July 1, U.S. spot Bitcoin ETFs skilled a big web outflow of roughly $342 million, marking a pointy reversal in investor sentiment.

This shift is marked by the primary outflow since June 6, and interrupted a interval of sustained demand that had pushed cumulative web inflows to about $49 billion and complete ETF property underneath administration (AUM) above $131 billion.

Breaking Down the Reversal

Knowledge from SoSoValue shows that Constancy’s FBTC led the outflows with a web withdrawal of $172.73 million, adopted intently by Grayscale’s GBTC at $119.51 million. Ark Make investments’s ARKB and the Bitwise Bitcoin ETF (BITB) additionally noticed notable outflows of $27.03 million and $22.98 million, respectively.

Apparently, the largest ETF by AUM, BlackRock’s iShares Bitcoin Belief (IBIT), recorded zero flows for the day, neither including nor shedding property, to halt its personal important accumulation run. VanEck’s HODL, Valkyrie’s BRRR, and WisdomTree’s BTCW additionally ushered in July with zero flows.

In complete, SoSoValue put the each day outflow determine at $342.25 million, regardless of a buying and selling quantity of greater than $2.7 billion throughout all spot BTC ETFs. The pullback comes after a two-week run of inflows, exceeding $500 million on at the least three completely different events in that interval.

On June 24, ETFs absorbed $588.55 million, adopted by $547.72 million on June 25 and $501.27 million on June 27. All informed, the surge propelled complete cumulative web inflows throughout all U.S. spot Bitcoin ETFs to a excessive of $48.97 billion by June 30. However Monday’s outgoings dragged that determine again all the way down to $48.63 billion.

The final time the ETFs skilled a drop was on June 6, when the market recorded a web outflow of slightly below $48 million following a a lot bigger $278.44 million exit on June 5.

Institutional Demand Shifting Past ETFs

This newest slowdown has coincided with experiences that public firms are ramping up their Bitcoin accumulation, shopping for 131,000 BTC within the second quarter of 2025 to overshadow ETF inflows of 111,000 BTC in the identical interval.

In accordance with BitcoinTreasuries, that is the third consecutive quarter by which public corporations have picked up extra BTC than exchange-traded funds.

In the meantime, on the time of this writing, the OG cryptocurrency had recorded a modest 24-hour acquire of 0.1% inside a spread of $105,402 to $107,139. Within the final seven days, it oscillated between $105,430 and $108,706, posting a 0.5% acquire.

Zooming out, we see a 1.7% enhance over 30 days and a considerable 70.6% surge over the previous yr, which nonetheless places it 4.3% under its all-time excessive of $111,814 reached on Could 22, 2025.