Bitcoin ETFs Shed $527 Million Over Week Ending July 2, Extending 8-Week Outflow Record

U.S. spot bitcoin ETFs posted net outflows of $527 million for the week ending Thursday, July 2, extending their weekly outflow streak to 8 consecutive weeks—the longest negative run in the category's history. The drawdown occurred over only 4 trading sessions, with U.S. markets closed Friday for Independence Day.

The selling pressure eased late in the week, with the funds taking in $221.72 million on Thursday, their largest single-day inflow since May 5. Fidelity's FBTC led the inflows with $165.96 million, followed by ARK and 21Shares' ARKB with $91.84 million. BlackRock's IBIT remained under pressure, posting a $40.43 million outflow on Thursday and extending its redemption streak to 11 consecutive sessions, with cumulative outflows of roughly $2.2 billion. Bitcoin traded near $63,150 on Saturday after falling to $58,000 earlier in the week, its lowest level in 21 months.