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Bitcoin ETF outflows stretch to eighth week as altcoin funds draw cash

Bitcoin ETF outflows stretch to eighth week as altcoin funds draw cash

Spot Bitcoin ETFs recorded $527 million in net outflows from June 29 to July 2, extending their weekly withdrawal streak to eight weeks. The latest data shows that demand for Bitcoin funds remains weak, even after some products returned to daily inflows.

Summary

  • Bitcoin ETFs extended their outflow streak as investors pulled $527 million over four trading days.
  • Ethereum ETFs also stayed negative, showing weak demand across the two largest crypto assets.
  • XRP, SOL and HYPE funds drew inflows, pointing to selective demand beyond Bitcoin and Ethereum.

Crypto.news reported that U.S. spot Bitcoin ETFs lost $527 million over the four trading days ending July 2. The same…

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