In the four trading days as at 2 July, the total net outflow of the United States-based Bitcoin ETF was approximately $527 million, and the weekly flow had been negative for eight consecutive weeks. This is the longest round of weekly outflows of such products since their launch, indicating that the willingness to allocate institutional funds against TTs has not been significantly repaired.
Turned into net inflows on 2 July
On 2 July, the United States spot in Bitcoin ETF recorded a net inflow of approximately $221.7 million, ending a situation that had previously been cancelled on 10 consecutive trading days. The previous round of successive outflows had accumulated funds close to $2.7 billion.
However, a single-day return is not enough to reverse the whole week. The large ransoms of the previous days had kept the overall data for the four trading days net.
IBIT's overtaken the whole performance.
Beled's IBIT continues to be the main drag item. The net outflow of the Fund on 2 July was approximately $40.4 million on a single-day basis and the period of redemption was extended to 11 trading days.
According to Farside data, the IBIT showed financial outflows on every trading day from 29 June to 2 July. Since IBIT is the spot of Bitcoin ETF, which is currently the largest asset size and trade activity, its continued loss of blood has a greater impact on the financial landscape of the entire industry.
By contrast, some of the competing products experienced different levels of financial return at the same time, but not on a sufficient scale to fully counter the pressure of the IBIT. The market's next focus has shifted from “is there a single-day rebound” to “is there a simultaneous return of funds in more large products”.
Distinction of ETF with other products
ETFs in the United States maintain weekly net outflows during the same statistical cycle, although net single-day inflows were recorded for two consecutive days on 1 July and 2 July. Belet Etha attracted an inflow of approximately $29.7 million on 2 July, leading to a positive turn of the plate on the day, but the previous losses were still not eliminated.
At the same time, the combined net inflow of the Hyperliquid-related ETF products between 29 June and 2 July was approximately $4.3 million, and the week remained positive. However, this figure is significantly lower than the previous week, showing that small encrypted ETFs still have access to funds, but investors are more cautious.
Bitcoin's price rebounded and ran away from money.
While the ETF continues to eject, Bitcoin prices were once below $58,000 per week, rebounding and re-positioning on $61,000. The weak employment data in the United States and the US Federal Reserve ' s stated mildness were mentioned as one of the contextual factors driving the price recovery.
The data on the chain gives another signal. According to the data cited, during the ETF exodus in June, a total of approximately 270,000 BTCs were added to the large bitcoin wallets. This means that the current market is still fragmented: ETF investors are declining continuously, while some of the large households in the chain continue to absorb in their turn.