US Bitcoin ETFs end 15-day inflow streak as BTC price faces bearish momentum

Key Points

1. U.S. spot Bitcoin ETFs recorded $342.25 million in net outflows on July 1, ending a 15-day inflow streak that had brought in $4.73 billion.

2. Fidelity’s FBTC led the outflows with $172.73 million, followed by Grayscale’s GBTC with $119.51 million, while BlackRock’s IBIT saw zero net movement.

3. Spot Ethereum ETFs attracted $40.68 million in net inflows, with BlackRock’s ETHA contributing $54.84 million and Grayscale’s ETHE adding $9.96 million.

4. The reversal in Bitcoin ETF flows coincided with the U.S. Senate passing a $3.3 trillion spending bill, which lacked crypto-related provisions.

5. Bitcoin dropped nearly 2% to around $105,000, with total crypto market liquidations reaching $242.6 million, mostly from long positions.