Bitcoin and Ether ETFs Extend 8-Week Outflows as Late Inflows Fail to Spread

Published: 2026-07-05 13:06:54 |

U.S. spot Bitcoin ETF flows remained weak, extending an eight-week net outflow streak. Over the four trading days ending July 2, the Bitcoin ETF complex shed about $526 million. A late bounce showed up on July 2 with $223.5 million of net inflows after several heavy redemption days, but the overall pattern still signals demand has not broadly recovered. By issuer, the pressure is concentrated in BlackRock’s Bitcoin ETF (IBIT). It posted net outflows of $300.4 million (June 29), $212.4 million (June 30), $219.4 million (July 1), and another $40.4 million on July 2. In contrast, Fidelity’s FBTC added about $166 million and ARK 21Shares’ ARKB added about $91.8 million on the rebound day. The key takeaway for traders: one green day is not enough while Bitcoin ETF redemptions persist in the largest product. U.S. spot Ether ETF flows were also pressured, extending their own eight-week outflow streak. Across the four sessions, Ether ETF net outflows totaled about $13.7 million. Ether saw partial stabilization late, with inflows of $14.8 million on July 1 and $29 million on July 2, but earlier outflows (including $29.9 million on June 29 and $27.6 million on June 30) kept the weekly result negative. BlackRock’s ETHA led July 2 with $29.7 million inflows, while Grayscale’s ETHE still faced a small outflow. Traders will likely watch whether Bitcoin ETF inflows can expand beyond isolated sessions and whether the ETF-driven bid can stabilize IBIT/ETHE. The article also points to a potential divergence: large Bitcoin wallets reportedly accumulated around 270,000 BTC even as ETF outflows hit record levels, suggesting on-chain accumulation may be occurring alongside risk-off ETF flows—at least for now.

Bearish

Bitcoin ETF price impact is likely bearish in the short term because the largest product (IBIT) continues posting sustained redemptions, even though one late-day bounce occurred. This suggests any inflow “relief” may be temporary until broader issuer demand turns positive. For Ether ETF, the eight-week outflow streak remaining intact also keeps downside pressure on ETH-related sentiment. Late inflows into ETHA were not enough to offset earlier outflows, so traders may stay cautious on risk appetite. The cited on-chain BTC wallet accumulation (about 270,000 BTC) introduces a counter-signal, but because ETF flows still dominate the narrative for near-term positioning, the net expectation for BTC and ETH price behavior (as driven by ETF demand) leans bearish. A more bullish turn would likely require continued multi-day Bitcoin ETF and Ether ETF net inflows, not just a single strong session.