Bitcoin ETFs See $342.2 Million Outflow Ending 15-Day Inflow Streak

The momentum of Bitcoin spot Exchange-Traded Funds (ETFs) experienced an unexpected halt at the start of July. Data revealed a cessation in the recent surge, with a marked net outflow of $342.2 million, ending a 15-day streak of influx amounting to $4.7 billion. Notably, BlackRock’s significant IBIT fund reported no new activity during this period. Amid these developments, Fidelity’s FBTC led withdrawals with $172.7 million, closely followed by Grayscale’s GBTC, Ark Invest’s ARKB, and Bitwise’s BITB. Despite this, a chief research analyst underscored that these outflows are not indicative of a long-term trend shift.

The strong inflow trend seen in recent weeks has faltered. While Bitcoin ETFs, launched in early 2024, have amassed $48.63 billion in net inflows to date, the situation took a turn as daily inflows weakened, reflecting a cooling of short-term investor interest. It was predicted that without new catalysts, Bitcoin is unlikely to surpass $110,000.

Even though Grayscale’s GBTC witnessed a significant outflow, it retains a substantial asset base. The halt in flows from BlackRock’s IBIT suggests caution as macroeconomic factors and interest rate unpredictability create a risk-averse environment. Bitcoin’s price dropped below $105,500 on July 1st but quickly rebounded above $107,000. The Chief Investment Officer at Kronos Research indicated that the market remains cautious as participants await updates on U.S. economic indicators. The range between $105,000 and $110,000 is seen as a zone of potential consolidation before further upward movement.

Conversely, Ethereum appears to be capitalizing on Bitcoin’s momentary pause. U.S.-based spot Ethereum ETFs recorded a net inflow of $40.7 million on a specific Tuesday, with BlackRock’s ETHA fund alone drawing in $54.8 million. Since their introduction in July 2024, these Ethereum investments have seen total net inflows reaching $4.3 billion. Market analysts suggest that Bitcoin’s halt may enhance short-term prospects for Ethereum as it draws the attention of institutional investors looking for alternative digital assets.

Key observations illustrate the market’s potential direction: a net outflow of $342.2 million from Bitcoin ETFs indicates a break in the inflow streak. BlackRock’s fund, once attracting billions, sees no activity during this period. Ethereum’s ETFs, by contrast, enjoy substantial inflows, showcasing rising interest. The current outlook indicates a tactical re-evaluation by investors, as Bitcoin and Ethereum engage in a subtle tug-of-war for dominance in the digital asset investment arena. While Bitcoin faces temporary challenges, Ethereum emerges as an appealing counterpart, benefiting from evolving market conditions.

In 2025, publicly listed companies have significantly increased their Bitcoin acquisitions, doubling the volume purchased by ETFs. This trend underscores a shift in corporate strategy, with treasuries prioritizing Bitcoin accumulation over other investment vehicles. The surge in corporate Bitcoin holdings marks a continued shift in institutional investment preferences, with companies recognizing the potential of Bitcoin as a store of value and a hedge against inflation.

ETF flows have shifted from outflows to a strong net inflow streak since mid-May 2025. This persistent buying trend has driven significant capital into the Bitcoin market, with U.S. spot funds posting 15 consecutive days of net capital injection totaling $4.7 billion. BlackRock’s iShares Bitcoin Trust (IBIT) has been the primary driver of this trend, attracting $112.3 million on the final trading day of June and commanding 81% of total inflows during the stretch. IBIT now manages $74.89 billion in assets, having absorbed $3.77 billion in just the past two weeks. This concentration of institutional conviction highlights the growing institutional interest in Bitcoin.

Despite the massive inflows, the Bitcoin price has stalled just below its all-time high, correcting from $108,000 to $106,707. This divergence between ETF demand and spot price action suggests structural friction, namely, profit-taking from long-term holders and macro hesitations around risk-on allocations. Yet, the total assets held by U.S. spot Bitcoin ETFs now stand at $134.11 billion, or 6.27% of Bitcoin’s market cap. This indicates a systemic financial integration of Bitcoin, rather than a side bet.

While BlackRock added over 118,000 BTC, competitors lost traction. The ARKB ETF posted a $10.2 million outflow on the same day IBIT pulled in 11 times that amount. Grayscale’s GBTC and Mini Trust funds, once dominant, saw modest redemptions totaling $12.6 million, further cementing a clear leader-follower gap. Among gainers, Fidelity’s FBTC took in $504 million, ARKB managed $268 million, and Bitwise’s BITB added $74 million—all within the last week of June.

The week of June 24–28 recorded one of the highest inflow surges in 2025, totaling $2.22 billion. Notably, Tuesday, June 24 alone brought in $588.5 million—part of a five-day green streak for all major Bitcoin ETF tickers. BlackRock’s IBIT led with $1.31 billion, while Fidelity, Ark, and Bitwise collectively added another $847 million. Even smaller players like Valkyrie’s BRRR, VanEck’s HODL, and Invesco’s BTCO contributed to the rally.

While Bitcoin dominated headlines, Ethereum ETFs quietly gained momentum. The last week of June saw $283.4 million in ETH ETF inflows—the 7th straight week of gains. BlackRock’s ETHA led with $232.9 million, followed by Fidelity’s FETH at $67.4 million, and smaller adds from Bitwise’s ETHW, VanEck’s ETHV, and 21Shares’ CETH. Grayscale’s outflows of $25.3 million were the only red prints for the ETH complex.

Cumulative ETF purchases have climbed from 527,000 BTC to over 630,000 BTC in the last quarter—a net gain of more than 100,000 BTC. This buying far outpaces miner issuance and offsets most long-term holder outflows. Funds like Valkyrie’s BRRR rose 3% last week, confirming the pricing resilience that ETFs now inject into the BTC-USD market structure.

Despite bullish fund flows, the Bitcoin price has not broken through the $110,000 psychological ceiling. Analysts attribute this to a mix of leveraged position resets, macro caution, and the exhaustion of short-term momentum traders. Still, technical models suggest a potential liquidation trigger near $112K that could drive spot toward $140,000 if breached—especially given the ETF-driven float constriction.

Bitcoin’s stagnation below all-time highs contrasts sharply with ETF conviction. With nearly $13 billion in net inflows since April, and BlackRock commanding over 3% of all Bitcoin in circulation, structural accumulation continues despite short-term hesitations. Medium-term price pressure is likely upward.