U.S. spot crypto exchange-traded funds recorded $280.7 million in combined net outflows on July 1, as Bitcoin ETF redemptions continued to outweigh modest inflows into Ether and Solana products. Spot Bitcoin ETFs lost $296.0 million on the day, driven by withdrawals from BlackRock's IBIT ($219.4 million), Fidelity's FBTC ($51.0 million), ARK 21Shares' ARKB ($39.9 million), and Grayscale's GBTC ($62.8 million). The outflows extended a late-June streak into the first trading session of July, marking the seventh consecutive negative session for Bitcoin ETFs since June 23, with cumulative losses of approximately $2.47 billion over that period.
Bitcoin ETFs Post $296 Million in Net Outflows on July 1
Spot Bitcoin ETFs recorded $296.0 million in net outflows on July 1. BlackRock's IBIT led the withdrawals with $219.4 million in net outflows, while Fidelity's FBTC lost $51.0 million, ARK 21Shares' ARKB shed $39.9 million, and Grayscale's GBTC lost $62.8 million. Those redemptions were partly offset by inflows into several smaller products. Invesco's BTCO added $5.4 million, Franklin Templeton's EZBC gained $3.5 million, VanEck's HODL attracted $2.1 million, MSBT added $29.8 million, and Grayscale's BTC brought in $36.3 million. Bitwise's BITB, Valkyrie's BRRR, and WisdomTree's BTCW were flat.
Since June 23, U.S. spot Bitcoin ETFs have posted seven consecutive negative trading sessions, losing approximately $2.47 billion over that period. The run includes $113.8 million on June 23, $469.0 million on June 24, $691.7 million on June 25, $444.5 million on June 26, $231.0 million on June 29, $222.6 million on June 30, and $296.0 million on July 1.
Ether and Solana ETFs Record Modest Inflows
Ether ETFs delivered $14.8 million in net inflows on July 1. BlackRock's ETHA attracted $36.6 million, while Grayscale's ETH lost $18.5 million. ETHB lost $1.7 million and Fidelity's FETH shed $1.6 million. Bitwise's ETHW, TETH, ETHV, QETH, EZET, and Grayscale's ETHE were unchanged.
Solana ETFs finished slightly positive, adding $0.5 million. Bitwise's BSOL brought in $4.0 million, while Grayscale's GSOL lost $3.5 million. The remaining Solana products were flat.
FAQ
What were the total net outflows for U.S. spot crypto ETFs on July 1?
U.S. spot crypto exchange-traded funds recorded approximately $280.7 million in combined net outflows on July 1, driven primarily by Bitcoin ETF redemptions of $296.0 million, partially offset by Ether ETF inflows of $14.8 million and Solana ETF inflows of $0.5 million.
Which Bitcoin ETF had the largest outflows on July 1?
BlackRock's IBIT led Bitcoin ETF withdrawals on July 1 with $219.4 million in net outflows, followed by Grayscale's GBTC at $62.8 million, Fidelity's FBTC at $51.0 million, and ARK 21Shares' ARKB at $39.9 million.
How long has the Bitcoin ETF outflow streak lasted?
U.S. spot Bitcoin ETFs have posted seven consecutive negative trading sessions from June 23 to July 1, with cumulative losses of approximately $2.47 billion over that period.
