Bitcoin spot ETFs extended their losing streak to eight weeks as investors continued to pull money from the largest crypto funds, while smaller altcoin-linked products quietly attracted selective inflows.
Key flow figures (June 29–July 2, per Crypto.news)
- Spot Bitcoin ETFs: net outflows of $527 million — the eighth consecutive weekly withdrawal period for these funds.
- Despite the weekly decline, July 2 saw a positive daily session: Bitcoin ETFs recorded $221.7 million in net inflows, breaking a 10-day run of daily outflows. Fidelity’s FBTC led the bounce with about $166 million, and ARK 21Shares’ ARKB added roughly $91.8 million.
- BlackRock’s IBIT, however, recorded outflows on each trading day during the week, underscoring that one strong inflow day wasn’t enough to reverse the weekly selling pressure.
- Spot Ethereum ETFs: net outflows of $13.67 million over the same four trading days — also marking an eighth straight week of withdrawals.
- Ethereum funds posted positive daily flows on July 1 and 2; BlackRock’s ETHA contributed about $29.7 million on July 2, which recovered part of the earlier losses but didn’t flip the weekly picture.
Altcoins bucked the trend
- Spot Solana (SOL) ETFs: $5.75 million net inflows.
- XRP ETFs: $17.19 million net inflows.
- HYPE ETFs: $4.32 million net inflows.
Though these altcoin inflows were small relative to Bitcoin’s outflows, they highlight a rotation of capital into non-BTC/ETH products. That trend has been building: in May, XRP ETFs led monthly inflows among major crypto funds with $131.94 million, Bitwise has said XRP-related inflows topped $200 million year-to-date across U.S. and European products, HYPE ETFs surpassed $100 million within their first 10 trading sessions, and Solana ETF assets exceeded $1 billion by mid-May.
What this means
- Demand remains uneven: Bitcoin and Ethereum ETFs are still seeing net weekly selling, while a handful of altcoin products capture targeted interest.
- Investors appear to be seeking alternative crypto exposure amid weak flows into the largest funds — but the moves into XRP, SOL and niche products aren’t yet large enough to offset the outflows from BTC and ETH.
Bottom line: ETF flow data point to a divided market rather than a broad recovery. While occasional daily inflows suggest opportunistic buying, the larger weekly trend shows persistent redemption pressure on the two flagship crypto ETF groups even as some altcoin funds continue to attract pockets of capital.
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