U.S. spot bitcoin (BTC) exchange-traded funds reported net inflows on Thursday, breaking a 10-day negative streak.
The spot bitcoin ETFs logged a total net inflow of $221.7 million on July 2, led by $166 million moving into Fidelity's FBTC, according to data from SoSoValue. Ark Invest and 21Shares' ARKB reported $91.8 million worth of inflows, while VanEck's HODL saw a smaller inflow of $4.4 million on the day.
This is the first time the bitcoin ETFs have reported net inflows since June 16, after which the funds entered a losing streak totaling more than $2.7 billion. In June, bitcoin funds saw $4.5 billion in net outflows, marking the worst month since their launch in 2024.
Meanwhile, BlackRock's IBIT was the only fund that saw net outflows on Thursday, shedding $40.4 million. This marks the 11th straight day of net outflows for IBIT, during which roughly $2.2 billion has left the fund. On a weekly basis, IBIT has now been reporting outflows for eight straight weeks.
"The recent net inflows into spot bitcoin ETFs suggest investors are cautiously rebuilding exposure after a period of profit-taking and macro uncertainty," said Nick Ruck, director of LVRG Research. "While BlackRock's IBIT continues to face outflows likely reflecting strategic reallocation toward smaller or lower-fee products rather than outright bearishness, this rotation indicates a maturing market where capital is becoming more discerning across issuers."
