Blackrock’s IBIT Sees $773 Million Weekly Exit as Bitcoin ETFs Lose $527 Million

CN
1 hour ago

Key Takeaways

  • Bitcoin exchange-traded funds (ETFs) lost $527M, with Blackrock’s IBIT driving an 8th straight weekly outflow.
  • XRP, Solana and HYPE ETFs gained, showing selective demand beyond bitcoin.
  • Blackrock’s ETHA helped ether recover, but ETFs still ended the week with $13.67M outflows.

The crypto ETF market ended the shortened week with a late rebound, but not enough to change the headline.

Spot bitcoin ETFs recorded $527 million in net outflows, marking their eighth consecutive week of redemptions. The pressure was again concentrated in Blackrock’s IBIT, which lost $772.6 million for the week.

That single outflow overwhelmed gains across much of the bitcoin ETF complex.

Fidelity’s FBTC added $100.9 million, while Ark & 21Shares’ ARKB brought in $101.9 million. Morgan Stanley’s MSBT drew $37.1 million, Vaneck’s HODL added $10.3 million, and Grayscale’s Bitcoin Mini Trust gained $13.4 million.

Smaller inflows also came through Invesco’s BTCO ($5.4 million), Franklin’s EZBC ($3.5 million), and Valkyrie’s BRRR ($1.7 million). Grayscale’s GBTC was the other weekly drag, losing $27.7 million.

Blackrock’s IBIT Sees $773 Million Weekly Exit as Bitcoin ETFs Lose $527 Million

First week in July sees outflow streak continue, albeit at a slower pace than in June. Source: Sosovalue

The daily pattern showed just how uneven the week was. Bitcoin ETFs saw outflows of $231.10 million on Monday, $222.64 million on Tuesday and $294.62 million on Wednesday. Thursday finally brought relief, with a $221.72 million inflow, the strongest daily addition since May 5 and the first positive session after a 10-day outflow streak.

Ether ETFs also remained slightly negative, posting $13.67 million in net outflows for the week. That marked their eighth straight week of redemptions.

The category lost $30.04 million on Monday and $27.60 million on Tuesday, before turning positive later in the week. Ether ETFs added $14.89 million on Wednesday and $29.08 million on Thursday, helped by renewed demand for Blackrock’s ETHA. The late recovery narrowed the weekly loss, but it did not erase it.

Altcoins Tell a Stronger Story

Spot XRP ETFs recorded $17.19 million in net inflows, led by a strong start to the week. XRP products added $15.34 million on Monday, slipped by $2.83 million on Tuesday and $1.86 million on Wednesday, then rebounded with $6.55 million in inflows on Thursday.

Spot Solana ETFs brought in $5.75 million. The group added $5.52 million on Monday, lost $2.50 million on Tuesday, gained $521,070 on Wednesday, and added another $2.20 million on Thursday.

Spot HYPE ETFs posted $4.32 million in net inflows. The category added $2.23 million on Monday, saw a rare $3.01 million outflow on Tuesday, then recovered with $2.85 million on Wednesday and $2.24 million on Thursday.

The week’s flows showed a market still weighed down by bitcoin’s dominant outflows, especially from IBIT. Yet the broader picture was not uniformly weak. Ether nearly stabilized, bitcoin found a late bid, and altcoin ETFs continued to attract selective demand. For now, crypto ETF investors are not leaving the market altogether. They are rotating with care.

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