Spot Bitcoin ETFs traded in the US saw net outflows of $526.64 million between June 29 and July 2. Thus, the uninterrupted release streak of these products extended to the eighth week. This chart marked the longest weekly outflow since spot Bitcoin ETFs began trading in the US.
The exit series in Bitcoin and Ethereum funds has been extended
The cautious stance of institutional investors was also reflected in ETF data, along with the weak momentum on the Bitcoin side. According to SoSoValue data, the total net asset value of US spot Bitcoin ETFs decreased to approximately $74.37 billion. During the same period, Bitcoin traded around $61,500. The fact that approximately 4.5 billion dollars were generated from these products in June revealed how strong the pressure was.
Wu Blockchain stated that there was a net outflow of nearly $527 million in spot Bitcoin ETFs in the period between June 29 and July 2, and this continued the eight-week outflow series.
A similar outlook emerged for spot Ethereum ETFs. During the same date range, there was a net outflow of $13.67 million from Ethereum ETFs. Thus, Ethereum funds closed the eighth week in a row with an outflow. The simultaneous outflow of money in funds linked to two major digital assets showed that the weakness in risk appetite continues.
The picture is different in altcoin ETFs
While Bitcoin and Ethereum products have lost assets, some altcoin ETFs have attracted new inflows. Spot Solana ETFs recorded net inflows of $5.75 million on a weekly basis. $17.19 million entered XRP ETFs, and the strongest weekly performance of this space was on the XRP side. hyperliquid Its ETFs also remained in positive territory, with net inflows of $4.32 million, but slowed compared to previous weeks.
Mini dictionary: SoSoValue is a data platform used to track ETF flows and market data in the digital asset market. Net inflow represents the difference between money coming into a fund and money leaving the fund.
This divergence suggests that some investors are shifting capital into alternative digital assets rather than exiting the crypto ETF market altogether. Although Bitcoin is still the largest vehicle on the institutional investment side, selective interest in altcoin-based products appears to continue.
The short-term recovery signal did not last
Although the weekly outlook remained weak, there was a limited sign of recovery at the end of the period. On July 2, US spot Bitcoin ETFs received net inflows of over $221 million on a daily basis, breaking a 10-trading-day outflow streak. However, this single-day movement was not seen as sufficient to reverse the eight-week general trend.
Market watchers attribute the prolonged outflows to macroeconomic uncertainty, rising interest rate expectations and reduced appetite for risky assets. While the pressure on Bitcoin continues, it appears that institutional investors continue to reduce positions through ETF redemptions.
ETF flows are expected to be closely monitored in the coming period to measure the institutional trend. If net inflows become permanent, it may indicate that trust in Bitcoin is strengthening again. If outflows continue, it is considered that demand may remain limited until broader market conditions improve.
