Bitcoin spot ETFs report $62M in net outflows, ending three-week inflow streak

Three weeks is not a long time in crypto. But for Bitcoin spot ETFs, a three-week inflow streak was enough to feel like a turning point. That streak is now over. U.S. spot Bitcoin ETFs recorded $61.53 million in net outflows on the most recent trading day, according to data from SoSoValue. Context: What came before this From May through June 2026, U.S. spot Bitcoin ETFs bled more than $8 billion in cumulative outflows, with June alone accounting for roughly $4.5 billion in redemptions. Bitcoin had peaked at approximately $126,000 in October 2025, then fell below $60,000. Then July arrived and the mood shifted. Inflows of approximately $273 million came in over two weeks, followed by a five-day stretch that brought in $727 million. Who’s moving the money BlackRock’s IBIT remains the dominant force in this product category. Since launching in January 2024, IBIT has accumulated roughly $62 billion in cumulative inflows. Grayscale’s GBTC, on the other hand, has been the primary source of redemption pressure throughout the ETF era. The product launched as a converted trust with built-up holders who had been locked in for years. Many of them used the ETF conversion as their exit ramp, an...