U.S. Spot Bitcoin ETF Records Net Outflow for Eighth Consecutive Week, Setting Historical Record

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On July 5, the U.S. spot Bitcoin ETF experienced a cumulative net outflow of approximately $527 million over four trading days ending July 2, marking the eighth consecutive week of net outflows and setting a record for the longest weekly outflow since the product's launch. Despite a single-day net inflow of $221.72 million on July 2, which ended a previous trend of cumulative outflows totaling about $2.71 billion over ten trading days, the overall weekly outflow trend remains unchanged. Among the inflows, Fidelity's FBTC saw a single-day net inflow of $165.96 million, while ARK and 21Shares' ARKB recorded a net inflow of $91.84 million. Conversely, BlackRock's IBIT faced a net outflow of $40.43 million on the same day, marking the 11th consecutive trading day of redemptions, with a cumulative outflow of approximately $2.2 billion. Additionally, the U.S. spot Ethereum ETF recorded a net outflow of $13.67 million for the week ending July 2, also marking the eighth consecutive week of net outflows, tying the record for the longest outflow period. However, this product has achieved net inflows for two consecutive trading days, with BlackRock's ETHA recording a net inflow of $29.74 million on July 2. Meanwhile, the U.S. Hyperliquid ETF saw a net inflow of $4.32 million for the week, the lowest weekly inflow since its launch in mid-May, significantly slowing down from the previous week's record net inflow of $111.36 million.
IBIT2.53%
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