Bitcoin ETFs Record Eighth Straight Week of Outflows Despite Strong Thursday Rebound
U.S. spot Bitcoin ETFs posted another week of net withdrawals, marking their eighth consecutive week of outflows. According to market data, investors pulled approximately $527 million from the funds during the four trading sessions that ended on July 2. This is now the longest weekly outflow streak since spot Bitcoin ETFs launched in the United States.
Although the weekly trend remained negative, investor sentiment improved toward the end of the week. On Thursday alone, the funds attracted $221.72 million in net inflows. It was the strongest single-day performance since early May and ended a 10-day streak of continuous outflows that had removed nearly $2.71 billion from the market.
BlackRock's IBIT Continues to Face Heavy Redemptions
Despite the broader recovery on Thursday, BlackRock’s iShares Bitcoin Trust (IBIT) remained under pressure. The fund recorded another $40.43 million in net outflows, extending its redemption streak to 11 consecutive trading days.
Over that period, investors have withdrawn around $2.2 billion from the fund. Even so, IBIT remains the largest spot Bitcoin ETF by assets under management, holding nearly $44.9 billion. Fidelity’s FBTC led Thursday’s inflows with almost $166 million, while ARKB, managed by ARK Invest and 21Shares, attracted nearly $92 million.
Bitcoin Price Recovers as Market Watches Economic Data
Bitcoin rebounded during the week after falling below $58,000, its lowest level in nearly two years. By Saturday, the cryptocurrency was trading around $63,150, supported by weaker-than-expected U.S. employment data that increased expectations of a more accommodative Federal Reserve.
However, market analysts remain cautious. Rising Bitcoin deposits on cryptocurrency exchanges suggest that traders could continue taking profits or preparing for additional volatility. Since the beginning of 2026, U.S. spot Bitcoin ETFs have recorded cumulative net outflows of approximately $5.53 billion.
Ether ETFs Match Their Longest Losing Streak
U.S. spot Ether ETFs also experienced another week of net withdrawals. The funds recorded $13.67 million in outflows, extending their losing streak to eight consecutive weeks, matching the previous record set in 2025.
Despite the weekly decline, Ether ETFs showed signs of improvement. The funds posted positive inflows on both Wednesday and Thursday, with BlackRock’s ETHA leading the final trading day. Ether was trading near $1,780 over the weekend, while total assets held by U.S. spot Ether ETFs remained above $9 billion.
Hyperliquid ETFs Remain Positive Despite Slower Growth
Unlike Bitcoin and Ether ETFs, U.S.-listed Hyperliquid ETFs continued attracting new investment. The funds recorded $4.32 million in net inflows during the week, although this represented their weakest weekly performance since launching in May.
The slowdown followed a record-breaking week that brought in more than $111 million in fresh capital. Even with lower inflows, the three Hyperliquid ETFs now manage more than $336 million in combined assets. Market participants continue to monitor the products as interest in alternative crypto investment funds gradually expands.
