Fast Facts
- Last week, US spot Bitcoin ETFs experienced a rare week of net inflows, ending nearly two months of continuous outflows totaling over $8 billion.
- Despite a positive daily inflow on July 2, Bitcoin ETFs still faced a total withdrawal of $526.64 million during the week, maintaining their bearish trend.
- Ethereum ETFs saw more modest movements, with $30 million withdrawals early in the week but $43.97 million combined inflows on Wednesday and Thursday, yet still closed with a $13.67 million net outflow.
- Overall, both Bitcoin and Ethereum ETFs remain in persistent red, with Bitcoin ETFs down from $59.34 billion to $51.08 billion and Ethereum ETFs decreasing from $12.09 billion to $10.89 billion since early May.
Bitcoin ETF Recap: Another Tough Week Despite a Few Bright Spots
Market Movements and Investor Sentiment
Last week continued to challenge Bitcoin ETFs, despite some small signs of recovery. The final trading day of the previous week brought in extra funds, breaking a pattern of consistent outflows. Specifically, Bitcoin spot ETFs saw a net inflow of $221.72 million on July 2, their first positive day in nearly two months. However, the overall week still ended with significant outflows — around $526.64 million over four days. This ongoing trend reflects investors’ cautious attitude toward Bitcoin ETFs. Since early July, total investments have shrunk from $59.34 billion to $51.08 billion. The persistent outflows show that bearish sentiment remains prevalent. Even during this turbulent period, the week’s small wins do not erase the broader negative trend, which has now stretched close to two months.
Ethereum ETFs: A Slightly Better Outlook
When it comes to Ethereum ETFs, the picture is somewhat different. The week began with withdrawals of around $30 million but shifted course midweek. Investors added nearly $15 million on Wednesday and almost $29 million on Thursday, marking some of the highest inflows in weeks. Despite this, the week still closed with a net outflow of $13.67 million. Ethereum ETFs have now experienced eight straight weeks in the red, with total funds decreasing from $12.09 billion in early May to roughly $10.89 billion. Although the weekly loss was less severe than the previous week’s $273 million outflow, the overall trend remains negative. These figures suggest that market confidence in Ethereum-based investment products remains fragile, even as short-term gains emerge.
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