The last trading day of the previous business week finally shifted gears with some sweet net inflows instead of nonstop outflows for those spot Bitcoin ETFs across the US.
The Good and the Bad: BTC ETF Edition 🖤
No sugarcoating needed here—the week still bowed to the bears. Investors yanked 526.64 million from the spot Bitcoin ETFs over those four trading days. That keeps the grim streak alive with no green weeks in nearly two months. Total cumulative flows sank from 59.34 billion down to 51.08 billion in that span. July 1 marked the biggest single-day bleed at 294.62 million heading out per the data. Then 222.64 million slipped away on June 30 and 231.10 million on June 29. On the flip side July 2 flipped the script with investors channeling in 221.72 million after ten straight days of only outflows. It became the biggest one-day boost since May 5. Friday stayed quiet thanks to the July 4 holiday so the week closed on a slightly brighter note.
Ethereum ETF Edition 🌙
The ETH trackers actually sparkled more with promise. They faced only modest pullouts of 30.04 million on June 29 and 27.60 million on June 30 before the tide turned. Fresh inflows hit 14.89 million on Wednesday plus 29.08 million on Thursday for a near-monthly peak. Still the week wrapped red with net outflows totaling 13.67 million. That extends their red streak to eight weeks straight as cumulative flows dipped from 12.09 billion in early May to 10.89 billion. At least it stung far less than the prior week’s harsh 273.34 million exit. 🕷️
Just another echo from the void by iconofsin.eth 💖
