The bleeding may finally be slowing. Bitcoin spot ETFs, which spent much of May and June hemorrhaging capital, logged a net positive flow of $221.7 million on July 2, 2026, the largest single-day intake in roughly two months.
That one number might not sound dramatic, but context matters here. It followed a streak of 10 to 13 consecutive outflow sessions and came after cumulative redemptions during that run surpassed $4.4 billion.
How bad was it, exactly?
Over a 30-day window ending in late June, US spot Bitcoin ETFs shed approximately $8 billion in net assets. June alone accounted for about $4 billion of that, making it the worst calendar month for Bitcoin ETF flows since the products first listed in January 2024.
The outflows started around mid-May 2026, which is also when Bitcoin’s price began sliding from levels near $82,000. By the time early July arrived, the asset had dropped into a $58,000 to $62,000 range. That’s a drawdown of roughly 25% to 30% from peak.
