Bitcoin ETF outflows persist for eighth consecutive week

The volatility surrounding Bitcoin funds persists despite a momentary reprieve on July 2, when ETFs recorded $221.7 million in net inflows. Fidelity’s FBTC led that recovery with $166 million, followed by ARK 21Shares’ ARKB at $91.8 million. However, these figures failed to offset the week's overall retreat, as BlackRock’s IBIT faced consistent selling pressure throughout the four-day trading period.

Ethereum products mirrored this stagnation, posting $13.67 million in net outflows over the same span. Although BlackRock’s ETHA saw $29.7 million in inflows toward the end of the period, the collective weekly balance for Ethereum ETFs remained negative for the eighth straight week.

Capital is not leaving the sector entirely; it is shifting toward alternative assets. XRP funds attracted $17.19 million, while Solana and HYPE-linked products saw inflows of $5.75 million and $4.32 million, respectively. This rotation suggests a narrowing investor focus, as participants move away from primary assets toward smaller-cap funds during current market conditions.