U.S. spot Bitcoin ETFs recorded $527 million in net outflows over the four trading days ending July 2, extending their weekly withdrawal streak to eight weeks — the longest since the funds launched.
A positive daily session on July 2 saw $221.7 million in net inflows, ending a 10-day daily outflow run. Fidelity's FBTC led the rebound with roughly $166 million, while ARK 21Shares' ARKB added about $91.8 million. However, BlackRock's IBIT recorded outflows on each trading day from June 29 through July 2, maintaining pressure on the group. One day of inflows was not enough to reverse the broader weekly selling trend.
Ethereum ETFs Remain Under Pressure
Spot Ethereum ETFs also ended the period in negative territory, with $13.67 million in net outflows — their eighth straight week of withdrawals. Positive daily flows on July 1 and July 2, including $29.7 million into BlackRock's ETHA on July 2, did not fully offset earlier redemptions. The overall demand for Ethereum funds remains weak.
Altcoin Funds Buck the Trend
By contrast, several altcoin-linked funds attracted capital. XRP ETFs saw net inflows of $17.19 million, SOL ETFs added $5.75 million, and HYPE ETFs took in $4.32 million from June 29 to July 2. While these figures are small relative to Bitcoin ETF outflows, they indicate that investors are not abandoning all crypto funds — some are rotating into assets outside Bitcoin and Ethereum.
Bitwise reported its XRP ETF inflows topped $200 million year-to-date across U.S. and European products. HYPE ETFs crossed $100 million within their first 10 trading sessions. Solana ETF assets surpassed $1 billion by mid-May.
The latest data points to a divided market: Bitcoin and Ethereum funds continue to bleed weekly, while XRP, SOL and HYPE products draw selective but positive flows. A similar pattern emerged in May when XRP ETFs outperformed Bitcoin and Ethereum funds with $131.94 million in monthly inflows.