After more than two weeks of consistent inflows, U.S. spot Bitcoin ETFs faced a sharp reversal on July 1, posting total net outflows of $342.2 million, according to data from Farside Investors.
The pullback marks the end of a 15-day inflow streak, highlighting a sudden change in sentiment among institutional investors.
Leading the exodus was Fidelity’s FBTC, which recorded the largest single-day outflow of $172.7 million. Grayscale’s GBTC followed with $119.5 million in redemptions, while Bitwise (BITB) and Ark Invest (ARKB) also saw notable withdrawals of $23 million and $27 million, respectively.
BlackRock’s IBIT, which had been a key driver of recent inflows, posted zero activity on the day.
The shift comes after a strong June performance, where Bitcoin ETFs had collectively added billions in net inflows amid renewed optimism in the crypto market. However, the sudden outflows could reflect profit-taking, macro uncertainty, or cooling momentum after Bitcoin failed to maintain its push beyond $110,000.
Meanwhile, Ethereum ETFs saw a contrasting trend, registering $40.7 million in net inflows on the same day. The divergence suggests growing investor interest in Ethereum-based products, possibly in anticipation of network upgrades or broader rotation within the crypto space.
What’s Next?
Market watchers will be paying close attention to whether this marks a brief dip or the start of a broader trend reversal. With Ethereum ETFs gaining traction, institutional focus may be temporarily shifting. However, all eyes remain on Bitcoin’s price action and the broader macro landscape to determine the next major move.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-etfs-hit-by-342m-outflow-after-15-day-inflow-streak-ends/