US Bitcoin ETFs End 10-Day Outflow Streak with $222M Inflow

What happened: U.S. spot bitcoin ETFs recorded $221.7 million in net inflows on July 2—the largest single-day intake in nearly two months. This ended a 10-day streak of outflows totaling $2.7 billion. June outflows reached $4.5 billion, the worst month since ETF inception. Fund-level data: Fidelity's FBTC saw $166 million in inflows, ARK 21Shares' ARKB $91.8 million, VanEck's HODL $4.4 million, while BlackRock's IBIT continued its outflow trend, losing $40.4 million (its 11th consecutive daily outflow).

Why it matters: The inflow reversal signals possible stabilization, but year-to-date net outflows remain at $5.4 billion. Analysts suggest the rotation is more about reallocating to lower-fee or smaller funds than a wholesale exit from bitcoin exposure. The persistent outflows from IBIT highlight shifting preferences among institutional investors, possibly driven by fee structures or risk management strategies.

Source: The Block