Blackrock's IBIT Records $773M Weekly Outflow; Bitcoin ETFs Lose $527M for Eighth Consecutive Week

XRP-1.57%
SOL0.32%
HYPE-0.62%
Blackrock's IBIT recorded $772.6 million in net outflows for the week ended July 4, continuing its streak of redemptions. Spot bitcoin ETFs posted $527 million in total net outflows, marking their eighth consecutive week of declines. Ether ETFs saw $13.67 million in outflows for the week, also their eighth straight weekly loss. XRP ETFs showed relative strength with $17.19 million in inflows, while Solana and HYPE ETFs added $5.75 million and $4.32 million respectively, indicating selective demand beyond bitcoin.
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