US spot Bitcoin ETFs continue to bleed capital. According to SoSoValue, the products saw approximately $526.64 million in net outflows from June 29 to July 2, extending the outflow streak to eight consecutive weeks. Bitcoin traded near $61,500 over the same period, while total net assets of these funds declined to about $74.37 billion. June alone saw roughly $4.5 billion in net outflows, underscoring sustained pressure.
Bitcoin ETFs Mark Eighth Straight Week of Outflows
Data tracked by Wu Blockchain shows that US spot Bitcoin ETFs recorded nearly $527 million in net outflows during the four-day window from June 29 to July 2, stretching the losing run since mid-May. The cautious stance of institutional investors, combined with Bitcoin's weakening momentum, drove this trend. SoSoValue data also indicates total assets under management have shrunk by over $7 billion since early June.
Ethereum ETFs Mirror the Weakness
Spot Ethereum ETFs could not escape the downturn. In the same timeframe, these funds posted net redemptions of $13.67 million, also marking their eighth straight week of outflows. The simultaneous withdrawals from both major crypto ETFs suggest risk appetite remains subdued across the board, rather than being a Bitcoin-specific issue.
Altcoin ETFs Show Divergence: XRP Leads with $17.19M Inflows
While Bitcoin and Ethereum ETFs lost assets, some altcoin-based products attracted fresh capital. Spot Solana ETFs recorded $5.75 million in net inflows; XRP ETFs stood out with $17.19 million in new investments, the strongest performance in the altcoin ETF category; Hyperliquid ETFs also gained $4.32 million, albeit at a slower pace than prior weeks. This divergence indicates that some investors are reallocating capital toward alternative digital assets rather than exiting the crypto ETF market entirely.
One-Day Reversal Fails to Break the Trend
A brief recovery appeared on July 2, when US spot Bitcoin ETFs attracted over $221 million in daily net inflows, snapping a 10-day outflow streak. However, this single-day shift was not enough to reverse the broader eight-week trend. Market observers attribute the prolonged outflows to macroeconomic uncertainty, rising interest rate expectations, and diminished risk appetite. Going forward, ETF flows will serve as a key gauge of institutional sentiment—sustained net inflows could signal renewed confidence, while ongoing outflows may indicate demand stays muted until broader conditions improve.