Bitcoin (BTC) ETF sees $500 million outflow...Is a $200 million return a reversal signal?

▲ Bitcoin (BTC)

Bitcoin (Bitcoin, BTC) spot ETFs saw an outflow of $526.64 million over the week, continuing weekly net outflows for about two months. However, $221.72 million returned on the last trading day, putting a halt to the 10-consecutive-day outflow trend.

According to crypto media outlet Cryptopotato on July 5 (local time), US Bitcoin spot ETFs recorded a net outflow of $526.64 million over four trading days. Over the past two months, they have not recorded a single week of net inflows, and cumulative net inflows decreased from $59.34 billion to $51.08 billion.

Daily outflows were also significant. Following an outflow of $231.10 million on June 29, $222.64 million flowed out on June 30, and $294.62 million on July 1. However, on July 2, $221.72 million of investor funds flowed in, ending 10 consecutive trading days of net outflows, and marking the largest daily net inflow since May 5.

Ethereum (Ethereum, ETH) spot ETFs also could not avoid outflows on a weekly basis. $30.04 million flowed out on June 29 and $27.60 million on June 30, but the trend reversed afterward. On July 1, $14.89 million and on July 2, $29.08 million flowed in, respectively, approaching the strongest daily inflow levels in about a month.

Nevertheless, Ethereum spot ETFs ended the week with a net outflow of $13.67 million, marking eight consecutive weeks of weekly net outflows. Cumulative net inflows also decreased from $12.09 billion in early May to $10.89 billion on July 2. However, compared to the previous week's net outflow of $273.34 million, the scale of outflows significantly decreased.

While weekly fund flows for both Bitcoin and Ethereum spot ETFs remained negative, signals of fund returns emerged on the last trading day. The $221.72 million net inflow into Bitcoin spot ETFs broke a 10-consecutive-day outflow, and Ethereum spot ETFs also recorded net inflows for two consecutive days, making whether a change in the long-term ETF outflow trend is occurring a key observation point for the market.

[Article Key Summary]

-Bitcoin spot ETFs recorded a net outflow of $526.64 million over the week, continuing weekly fund outflows for about two months.

-On July 2, $221.72 million flowed into Bitcoin spot ETFs, ending 10 consecutive trading days of net outflows.

-Ethereum spot ETFs recorded 8 consecutive weeks of weekly net outflows, but the scale of outflows significantly decreased compared to the previous week.

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