Bitcoin ETFs record second straight week of net inflows
In brief
- Bitcoin ETFs recorded $75.7M in net inflows for a second consecutive week
- Eight-week outflow streak totaling $8B+ ended after redemptions began in early May
- June saw record monthly outflow of $4.5B since Bitcoin ETFs launched January 2024
- BlackRock IBIT, Fidelity FBTC, and ARK 21Shares ARKB led recent positive flows
The outflow rout
The past two months have been brutal for Bitcoin ETF investors. June alone saw approximately $4.5 billion walk out the door, marking a record monthly outflow since Bitcoin ETFs launched in January 2024. By early July, year-to-date net outflows had climbed to approximately $5.4 billion.
Renewed US-Iran tensions earlier in 2025 triggered significant redemption events, and the selling pressure persisted through the spring. Investors treated Bitcoin as a risk asset to shed when fear spiked, not a safe haven to hold.
Turning point
A single-day inflow of $221.7 million on July 2-3 interrupted a 10-day outflow streak totaling $2.73 billion. The reversal coincided with softer-than-expected jobs data in the US. Softer-than-expected jobs data in the US gave investors the cover they needed to move back into risk assets, including Bitcoin.
BlackRock's IBIT, Fidelity's FBTC, and ARK 21Shares' ARKB all contributed to the recent positive flow figures. The three largest spot Bitcoin ETFs by assets led the recovery.
Context
The $75.7 million weekly inflow figure is modest by the standards of late 2024, when weekly inflows routinely ran into the hundreds of millions or more. Still, year-to-date flows are still deeply negative at approximately $5.4 billion, meaning the two weeks of positive inflows represent only a small step toward recovery. Sustained inflows over coming weeks would signal a genuine shift in institutional appetite for Bitcoin exposure.
