Bitcoin ETF Flows Extend 8th Straight Red Week Despite $221.7M Inflow

| cryptodaily.co.uk
U.S. spot Bitcoin ETFs posted their eighth straight week of net outflows. Over the four trading days ending Thu, July 2, the complex recorded about $527M net outflows, even after a strong but isolated inflow day. On Thursday, Bitcoin ETF inflows hit $221.72M (largest daily inflow since May 5). However, the bounce did not reverse the weekly trend. June was the key drag: net outflows totaled roughly $4.5B, the worst month since the ETFs launched in Jan 2024. BlackRock’s IBIT led the outflows, with about $3.55B outflows in June. IBIT also extended persistent selling, including a Thursday outflow of $40.43M that pushed it to an 11-day redemption streak (around $2.2B losses). The article highlights why flows can look contradictory: ETF creations/redemptions are “lumpy” and timing-mismatched. A headline inflow can coincide with ongoing smaller redemptions from wealth platforms, RIAs, and risk desks. It also points to market-structure effects—thinner liquidity, wider spreads, and feedback into spot and futures basis/funding—potentially reinforcing cautious positioning. For traders, the focus shifts to Bitcoin ETF run-rate flow trends, leaders’ consecutive green creation days, and futures basis/funding behavior to judge whether demand is truly stabilizing.
Bearish
Despite a single large inflow day, the news remains dominated by persistent Bitcoin ETF outflows: an 8th straight negative week and roughly $4.5B net outflows in June. IBIT’s extended 11-day redemption streak signals continued supply pressure from the largest vehicle, which typically keeps sentiment cautious. The article also warns that “lumpy” ETF timing can mask ongoing smaller redemptions, meaning traders should not chase the headline inflow. If liquidity remains thinner and wider spreads persist, futures basis/funding may stay less supportive—often weighing on short-term risk appetite for BTC. Overall, the setup leans bearish for BTC until run-rate flows and futures positioning show sustained improvement rather than one-off green prints.