US Spot Bitcoin ETFs Post Record Eight-Week Outflow Streak

US spot Bitcoin exchange-traded funds posted net outflows for an eighth straight week, the longest such streak since the products launched.

The Block, citing SoSoValue data, reported on July 4 that US spot Bitcoin ETFs recorded about $527 million in net outflows over the four trading sessions through Thursday, July 2. That extended the outflow run that began in mid-May to eight weeks, surpassing the previous record of five weeks.

Thursday broke the broader trend. The group took in $221.72 million of net inflows, ending a 10-trading-day streak of outflows. It was the largest one-day inflow since May 5. Fidelity's FBTC led with $165.96 million, followed by ARK 21Shares' ARKB with $91.84 million.

BlackRock's IBIT, the largest Bitcoin ETF by assets under management, still posted $40.43 million of net outflows on Thursday, stretching its losing streak to 11 trading days. Cumulative outflows during that stretch have reached about $2.2 billion. IBIT's net assets now stand at $44.91 billion, far below its cumulative net inflows of $59.99 billion since launch. The Block said in a report last week that the average IBIT investor was facing an unrealized loss of about 40%.

Year-to-date net outflows from US spot Bitcoin ETFs totaled $5.53 billion. Bitcoin fell below $58,000 earlier in the week, hitting its lowest level in 21 months, before rebounding to trade near $63,150. CryptoQuant analysts said rising exchange deposits suggest further volatility ahead.

Spot Ethereum ETFs also posted $13.67 million of net outflows during the same week, extending their outflow streak to eight weeks. That matched the previous longest run set between late February 2025 and mid-April 2025. Ether traded near $1,780, while year-to-date net outflows from spot Ethereum ETFs reached $1.44 billion.

Spot Hyperliquid ETFs posted $4.32 million of net inflows during the week, the smallest weekly intake since their mid-May launch. The slowdown followed a record $111.36 million of weekly inflows in the previous week. Combined net assets for three products — Bitwise's BHYP, Grayscale's HYPG and 21Shares' THYP — stood at $336.41 million.