$148 million outflows from US crypto ETFs; demand for BTC ETFs weakens

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According to Chain Jie News, U.S. crypto ETFs recorded broad redemptions on July 9, with total net outflows of about $148 million, mainly driven by weakening demand for Bitcoin ETFs. Bitcoin funds led the withdrawal of capital, while Ethereum products ended a recent inflow trend. Based on Bitwise market data, the U.S. Spot Bitcoin ETF recorded a net outflow of $95.30 million, and the Spot Ethereum ETF recorded outflows of $52.08 million, ending a five-day inflow streak. Amid the overall decline, Chainlink products stood out by adding $565,680 in inflows. Despite the severity of the outflows, the data shows that investors have not fully exited the entire market, but instead have shifted funds selectively. On July 10, Bitcoin traded near $63,959, indicating that in the short term, liquidity remains concentrated in Bitcoin and Ethereum products.
BTC1.10%
ETH2.58%
LINK2.67%
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Don'tMessWithSlippage.
· 5h ago
Despite the redemption wave, the price hasn’t crashed, which suggests spot support is still there. ETF players and long-time crypto veterans really have different mindsets.
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RevokingPermissionsOnARainy
· 5h ago
A $63K trading range is choppy; ETF fund inflows and outflows are normal. Let’s wait for a macro catalyst.
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GateUser-6bc62511
· 6h ago
148 million isn’t much for the crypto market—what matters is that ETH has just finished five days of inflows, and this wave’s momentum has changed
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PfpSeasonChangeExpert
· 6h ago
ETF net outflows look scary, but LINK actually still managed to see net inflows. The funds are definitely rotating positions, not fleeing.
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ExitLiquidityCupid
· 6h ago
Bitwise’s data is quite detailed—BTC and ETH took a double hit, but smaller altcoin ETFs are starting to get some traction.
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