Key Takeaways
- US spot Bitcoin ETFs saw $342.2 million in net outflows, ending a 15-day inflow streak.
- BlackRock's IBIT streak ended with zero flows; Fidelity's FBTC led outflows at $172.7 million.
- Total US spot Bitcoin ETF assets under management have reached $128 billion since launch in January 2024.
The 15-day, $4.7 billion net inflow streak for U.S. spot Bitcoin exchange-traded funds (ETFs) ended on Tuesday, as combined net outflows reached $342.2 million, according to ETF flows data.
BlackRock’s IBIT product, which had led with a $3.8 billion inflow run, registered zero flows for the day, halting its individual 15-day streak.
Fidelity’s FBTC led all outflows with $172.7 million, followed by Grayscale’s GBTC at $119.5 million, Ark Invest’s ARKB with $27 million, and Bitwise’s BITB at $23 million.
BRN Lead Research Analyst Valentin Fournier commented to The Block:
“This marks a pause in institutional accumulation but not necessarily a trend reversal.”
Fournier had previously cautioned that slowing daily inflows signaled waning short-term enthusiasm from institutional investors, casting doubt on whether bitcoin would break past $110,000 in the absence of new catalysts.
ETF assets and market context
Since launching in January 2024, U.S. spot Bitcoin ETFs have accumulated $48.9 billion in net inflows and now manage $128 billion in assets.
For up-to-date flows and fund-specific data, see the US bitcoin ETF tracker.
Bitcoin price action
Bitcoin dipped below $105,500 early Wednesday as traders awaited key U.S. economic data.
Kronos Research CIO Vincent Liu observed:
“Markets remain in a cooling consolidation period, as participants await clarity from upcoming jobless claims on July 3 or broader macro resolution. For now, liquidity remains weak, and positioning is patient.”
Bitcoin later rebounded to around $107,800, with analysts suggesting that consolidation between $105,000 and $110,000 could set up a bullish scenario if new regulatory or institutional catalysts emerge.
