The Bitcoin ETF has been moving $527 million over the past four trading days, with outflows occurring for the eighth consecutive week. The ETF also faces a weak demand, indicating a weaker market interest in these two large encrypted assets.
At the same time, encrypted funds such as XRP, SOL and HYPE have attracted inflows, indicating that investors still have a selective demand for assets other than TTcos and Etherwood. According to Crypto.news, United States spot bitcoin ETF outflows $527 million over four trading days as of 2 July, the largest ever since the Fund was launched.
Despite the net inflow of $221.7 million recorded by Bitcoin ETF on 2 July, which ended 10 consecutive days of outflows, the overall trend remained downward. The FBT Fund in Fidelity led a rebound in the flow of some $166 million, while the ARKB of ARK 21 Shares increased its funding by $91.8 million.
ETF also performed poorly during this period, recording a net outflow of $13.67 million and the withdrawal of funds for the eighth consecutive week. Although there was a small influx on 1 July and 2 July, it was not possible to offset the ransom. The ETHA of BlackRock recorded an inflow of approximately $29.7 million on 2 July, partially compensating for early losses.
In contrast, other encrypted funds, such as XRP, SOL and HYPE, are more attractive. SOL ETF recorded a net inflow of $5.75 million between 29 June and 2 July, with an increase of $1.719 million for XRP ETF and $4.32 million for HYPE ETF. These inflows, although smaller than the outflows of bitcoin ETF, indicate that investors have not completely withdrawn from the encrypted market.
In general, the ETF market shows a mixed pattern of demand, with Bitcoin and ETF still in financial outflows, while products such as XRP, SOL and HYPE continue to attract small-scale positive demand.