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Your Personal Daily Intelligence
Edition 2026-07-06

CRYPTO

Bitcoin ETF Outflows Extend to Eighth Week as Altcoin Funds Draw Cash

According to Crypto.news, spot Bitcoin ETFs recorded a cumulative net outflow of $527 million from June 29 to July 2, extending a weekly withdrawal streak to eight weeks, the lo...

By cryptonews · 51d ago · Source: cryptonews

Full article

According to Crypto.news, spot Bitcoin ETFs recorded a cumulative net outflow of $527 million from June 29 to July 2, extending a weekly withdrawal streak to eight weeks, the longest since the funds launched. The streak continued despite a $221.7 million net inflow on July 2, which ended a 10‑day daily withdrawal run. Fidelity’s FBTC contributed about $166 million of the July 2 inflow, while ARK 21Shares’ ARKB added roughly $91.8 million. BlackRock’s IBIT saw outflows on each trading day from June 29 through July 2, indicating that a single strong daily inflow was insufficient to reverse the weekly trend. Ethereum ETFs posted $13.67 million in net outflows over the same four‑day period, marking their eighth consecutive week of withdrawals. Positive daily flows of $0.1 million and $0.3 million on July 1 and July 2 respectively were recorded, and BlackRock’s ETHA contributed about $29.7 million on July 2. Altcoin‑linked funds moved in the opposite direction: spot SOL ETFs attracted $5.75 million in inflows, XRP ETFs added $17.19 million, and HYPE ETFs brought in $4.32 million. Earlier data showed XRP ETFs receiving $131.94 million in May, Bitwise’s XRP ETF surpassing $200 million year‑to‑date across U.S. and European products, and HYPE ETFs crossing $100 million within their first 10 trading sessions. Solana ETF assets also exceeded $1 billion by mid‑May, even as SOL’s price remained under pressure. The latest flows highlight continued divergent demand across crypto ETF categories, with major Bitcoin and Ethereum products remaining under pressure while smaller altcoin funds attract modest inflows, and no broad recovery has emerged.

Source transparency

Publisher
cryptonews
Reliability
high
Published
7/6/2026, 10:00:24 AM
Retrieved
7/6/2026, 10:00:24 AM
Relevance
80%
Confidence
85%
Read original at cryptonews

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