The 15-Day Positive Series of Spot Bitcoin ETFs Traded in the US Has Ended! Here Are the Latest Data

The uninterrupted net inflow series of spot Bitcoin exchange-traded funds traded in the US, which lasted for 15 days and totaled 4.7 billion dollars, ended on Tuesday, July 2, with a net outflow of 342.2 million dollars.

The 15-Day Net Inflows Series for US Spot Bitcoin ETFs Ends: $342 Million in Outflows Experienced

With the end of the series, BlackRock's standout product IBIT closed the day with zero net flow, marking the end of a 15-day entry trend of $3.8 billion. The highest outflow of the day occurred from Fidelity's FBTC fund, amounting to $172.7 million.

Grayscale's GBTC fund recorded an outflow of 119.5 million dollars, Ark Invest's ARKB fund recorded an outflow of 27 million dollars, and Bitwise's BITB fund recorded an outflow of 23 million dollars.

"This indicates that corporate accumulation has taken a break, but it does not mean that the trend has reversed," said BRN Chief Analyst Valentin Fournier, who noted earlier this week that the slowdown in daily inflows suggests a short-term cooling in corporate interest. He stated that this situation weakens the likelihood of Bitcoin surpassing 110,000 dollars without new catalysts.

The US spot Bitcoin ETFs launched in January 2024 have so far achieved a total net inflow of $48.9 billion. Since the beginning of the year, the inflow amount has reached $13.5 billion, while the total assets under management have reached $128 billion.

Entry Continues in Ethereum ETFs

On the same day, a net inflow of $40.7 million was recorded for spot Ethereum ETFs. The largest contribution came from BlackRock's ETHA fund: $54.8 million. Thus, spot Ethereum ETFs experienced net inflows for the third consecutive day, totaling $150 million over these three days, and $4.3 billion in net inflows since their launch.

On Wednesday morning, the price of Bitcoin fell below $105,500 ahead of important economic data expected from the US. However, it then recovered and rose to around $107,800.

Kronos Research CIO Vincent Liu said, "Markets are currently in a data-driven wait. Macro data, like the unemployment claims on July 3rd, could be directional."

Fournier from BRN emphasized that the consolidation of Bitcoin in the range of 105,000 to 110,000 dollars creates a structurally bullish setup and that new regulatory clarity or renewed institutional participation could regain momentum.