Spot Bitcoin ETFs Record $527 Million in Outflows for Eighth Straight Week

Spot Bitcoin and Ethereum exchange-traded funds (ETFs) extended their losing streak between June 29 and July 2, with both asset classes recording net investor withdrawals for the eighth consecutive week.

Spot Bitcoin ETFs led the decline, posting $527 million in net outflows during the period. Spot Ethereum ETFs also remained in negative territory, recording $13.67 million in net outflows.

In contrast, investor demand remained positive for several alternative crypto ETFs. Spot XRP ETFs attracted the largest inflows at $17.19 million, followed by spot SOL ETFs with $5.75 million and spot HYPE ETFs with $4.32 million in net inflows.

Source: SoSoValue