U.S. spot Bitcoin ETFs see first inflow after 10 days of outflows, led by Fidelity's FBTC.
On July 2, U.S. spot Bitcoin ETFs recorded a net inflow of $221.7 million, ending a 10-day streak of outflows. Fidelity's FBTC led the inflows with about $166 million, while BlackRock's IBIT continued to see outflows, signaling mixed investor sentiment. June was the worst month for these ETFs since their January 2024 launch, with $4.5 billion in net outflows. The inflow may mark a test for a potential trend reversal, but confirmation requires multiple consecutive inflow days, broad issuer participation, and stable price action. Meanwhile, on-chain data shows long-term Bitcoin holders are accumulating, suggesting underlying demand despite ETF outflows.
On July 2, U.S. spot Bitcoin ETFs recorded a net inflow of $221.7 million, ending a 10-day streak of outflows. Fidelity's FBTC led the inflows with about $166 million, while BlackRock's IBIT continued to see outflows, signaling mixed investor sentiment. June was the worst month for these ETFs since their January 2024 launch, with $4.5 billion in net outflows. The inflow may mark a test for a potential trend reversal, but confirmation requires multiple consecutive inflow days, broad issuer participation, and stable price action. Meanwhile, on-chain data shows long-term Bitcoin holders are accumulating, suggesting underlying demand despite ETF outflows.
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