Bitcoin ETFs Post Record Eighth Straight Weekly Outflow Despite Late Inflow

U.S. spot bitcoin ETFs recorded around $527 million in net outflows over the holiday shortened week ending Thursday, July 2, marking their eighth consecutive negative week. That stretch, which began in mid-May, is now the longest run of weekly outflows since the funds launched. Before this period, the funds had never posted more than five straight negative weeks.

Thursday Inflow Breaks Ten-Day Losing Run

Despite the weak week overall, bitcoin ETFs pulled in $221.72 million on Thursday, their strongest single day since early May, ending a ten session outflow streak that had drained roughly $2.71 billion. Fidelity’s FBTC led the day with $165.96 million, followed by ARK and 21Shares’ ARKB at $91.84 million. Weekly losses did ease compared with the prior week’s $1.79 billion outflow, aided partly by a shortened trading week around the July 4 holiday.

BlackRock’s IBIT Extends Its Own Slide

BlackRock’s IBIT, the largest bitcoin fund by assets, was the only ETF to see outflows on Thursday, losing $40.43 million and extending its own losing streak to eleven straight days, a run that has now cost the fund about $2.2 billion. IBIT holds $44.91 billion in net assets against $59.99 billion in total inflows since launch, with the average investor in the fund estimated to be sitting on a roughly 40% loss. Year to date, bitcoin ETFs have lost a net $5.53 billion.

Ether ETFs Match Their Own Outflow Record

Spot ether ETFs lost a net $13.67 million for the week, their eighth straight weekly outflow, tying the record set between late February and mid-April of 2025. The funds nearly turned positive, however, taking in $14.89 million on Wednesday and $29.08 million on Thursday, their first back-to-back daily inflows since mid-June, led by BlackRock’s ETHA. Ether ETFs hold $9.02 billion in net assets, about 4.4% of ether’s market value, and have lost a net $1.44 billion so far this year. Ether traded near $1,780 on Saturday.

Hyperliquid Funds Cool Off After Record Week

U.S.-based Hyperliquid ETFs took in $4.32 million for the week, their smallest inflow since launching in mid-May, down from $5.87 million the week before. That follows the group’s best week on record, a $111.36 million inflow driven largely by Bitwise’s BHYP. The three Hyperliquid products now hold a combined $336.41 million in net assets against $298.24 million in cumulative inflows, with Bitwise’s BHYP leading at $135.49 million, followed by Grayscale’s HYPG at $128.58 million and 21Shares’ THYP at $72.34 million.