After ten consecutive days of investors heading for the exits, US spot Bitcoin ETFs finally caught a break. The funds collectively pulled in roughly $223.5 million in net inflows on July 2, snapping one of the more painful streaks these products have endured since launching in January 2024.
That’s approximately 3,730 BTC flowing back into the funds in a single day. The day before the inflow reversal was particularly rough, with approximately 5,050 BTC worth of redemptions.
The bleeding that preceded the bounce
The broader outflow period stretching across May and June included a record 13-day stretch during which roughly $4.4 billion, or about 59,351 BTC, was pulled from spot Bitcoin ETFs.
The outflows coincided with a notable correction in Bitcoin’s price, which dropped toward the $59,000 to $64,000 range during the worst of it.
