- Bitcoin ETFs recorded eight consecutive weeks of outflows, totaling $5.53 billion this year.
- BlackRock’s ETF extended an 11-day outflow streak despite renewed inflows elsewhere.
- Bitcoin rebounded above $63,000 as whale accumulation contrasted with continued ETF selling.
Bitcoin exchange-traded funds have entered their weakest period since launching in the United States. Investor confidence has faded as money continues leaving major funds week after week. Despite brief signs of recovery, heavy withdrawals have kept overall sentiment under pressure. At the same time, Bitcoin has started showing fresh strength after a sharp decline. That mixed picture leaves investors watching closely for clues about market direction during the coming weeks.
Eight Straight Weeks of Withdrawals Raise Concerns
U.S. spot Bitcoin ETFs have now posted eight consecutive weeks of net outflows. That marks the longest losing streak since regulators approved these investment products. According to SoSoValue, investors pulled roughly $527 million from the funds during four trading sessions ending July 2. June proved especially difficult for the sector. More than $4 billion left Bitcoin ETFs during that month alone. Total net outflows for 2026 have now reached approximately $5.53 billion.
Before mid-May, these funds had never experienced more than five losing weeks in a row. The week finished with one encouraging development. Bitcoin ETFs attracted about $221.7 million in fresh inflows on July 2. That gain ended a 10-session streak of withdrawals that removed nearly $2.7 billion from the market. Fidelity led the recovery after attracting about $166 million. ARK 21Shares followed with nearly $91.8 million.
VanEck also added modest inflows. Even so, earlier selling pressure proved too large for one positive session to reverse the weekly outcome. BlackRock continued moving against the trend. The firm’s Bitcoin fund recorded another day of outflows, losing roughly $40.4 million. That result extended a losing streak to 11 consecutive trading sessions. During that period, investors withdrew about $2.2 billion.
Bitcoin Finds Support Despite ETF Weakness
Bitcoin dropped below $58,000 earlier during the week before recovering toward $63,150 by Saturday. Weaker United States employment data helped fuel that rebound. Many traders interpreted the report as lowering the chance of another Federal Reserve interest rate increase. CryptoQuant analysts remain cautious despite improving prices. Rising exchange deposits could increase short-term volatility if selling activity returns.
Traders will likely monitor those on-chain signals alongside ETF flows.Ethereum ETFs also completed eight straight weeks of net outflows. However, daily inflows returned during both July 1 and July 2. BlackRock’s Ethereum fund attracted nearly $29.7 million during the latest session. Hyperliquid ETFs remained positive with $4.3 million in weekly inflows.
Even so, demand slowed sharply compared with the previous week’s record. Meanwhile, large Bitcoin holders continued buying. Whale wallets accumulated around 270,000 BTC during June. That steady accumulation contrasts sharply with continued ETF withdrawals and offers another signal investors will watch closely.
