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CoinWorld news, U.S. spot Bitcoin ETFs recorded net outflows of approximately $527 million in the four trading days through July 2, marking the eighth consecutive week of negative growth for the funds and setting the longest weekly outflow streak since their launch. Although there was a daily inflow of $2.22M on July 2, it was still unable to offset the earlier redemption pressure. During June, spot Bitcoin ETFs saw total outflows exceeding $4 billion, making it the worst month since approval. Despite the daily inflow on July 2 ending a 10-day withdrawal spree, BlackRock's IBIT fund still recorded net outflows of approximately $40.4 million, extending its redemption streak to 11 consecutive trading days. The market is concerned about the continued outflows from IBIT, with analysts noting that a single day of strong inflows is not enough to confirm a broader recovery.