#BinancePickAndWin
U.S. spot Bitcoin exchange-traded funds recorded a net inflow of approximately $223.5 million on July 2, marking the first day of positive flows after 11 consecutive trading days of outflows, according to data from investment research firm Farside Investors.
Fund Flow Breakdown
The reversal was driven primarily by strong inflows into two major funds. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led with $166 million in new capital, followed by Ark Invest and 21Shares’ ARKB, which attracted $91.8 million. Smaller contributions came from Valkyrie’s BRRR fund at $1.7 million and VanEck’s HODL fund at $4.4 million.
Notably, BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets under management, recorded an outflow of $40.4 million on the same day, partially offsetting the overall positive figure.
Context and Market Implications
The 11-day outflow streak had raised concerns among investors about waning institutional appetite for Bitcoin exposure through regulated fund structures. The prior period saw over $1 billion in cumulative outflows, coinciding with broader market volatility and regulatory uncertainty in the cryptocurrency sector.
U.S. spot Bitcoin exchange-traded funds recorded a net inflow of approximately $223.5 million on July 2, marking the first day of positive flows after 11 consecutive trading days of outflows, according to data from investment research firm Farside Investors.
Fund Flow Breakdown
The reversal was driven primarily by strong inflows into two major funds. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led with $166 million in new capital, followed by Ark Invest and 21Shares’ ARKB, which attracted $91.8 million. Smaller contributions came from Valkyrie’s BRRR fund at $1.7 million and VanEck’s HODL fund at $4.4 million.
Notably, BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets under management, recorded an outflow of $40.4 million on the same day, partially offsetting the overall positive figure.
Context and Market Implications
The 11-day outflow streak had raised concerns among investors about waning institutional appetite for Bitcoin exposure through regulated fund structures. The prior period saw over $1 billion in cumulative outflows, coinciding with broader market volatility and regulatory uncertainty in the cryptocurrency sector.