Bitcoin ETF weekly inflows fall 65%, market cools after $110K BTC rally
The post Bitcoin ETF weekly inflows fall 65%, market cools after $110K BTC rally appeared on BitcoinEthereumNews.com.
Weekly inflows into the U.S. spot Bitcoin ETFs experienced a significant drop last week as fading Fed rate cut hopes and Trump’s newly passed budget bill tempered investor appetite. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $769.6 million over the past week, a 65% drop from the prior week when these investment products drew in $2.22 billion. The week began with $102.14 million in net inflows on Monday, followed by significant outflows of $342.25 million on Tuesday. Momentum reversed midweek, with inflows of $407.78 million on Wednesday and $601.94 million on Thursday, the highest single-day inflow since May. Markets remained closed on Friday in observance of the U.S. Independence Day holiday. Among the issuers, BlackRock’s IBIT led with $336.8 million in weekly inflows, followed by Fidelity’s FBTC with $248.4 million and ARK 21Shares’ ARKB with $160 million. Other funds, including Bitwise’s BITB, Invesco’s BTCO, Franklin Templeton’s EZBC, Valkyrie’s BRRR, and VanEck’s HODL, along with minor inflows into Grayscale’s new BTC funds, added another $109.2 million in combined inflows. These were partially offset by net outflows of $84.9 million from Grayscale’s legacy GBTC. The sharp decline in inflows is partly attributed to profit-taking activity, as Bitcoin approached its all-time high near $111,960. Investors are likely locked in gains ahead of the holiday weekend, limiting directional conviction and reducing short-term flows into crypto investment vehicles. Broader macroeconomic developments also weighed on sentiment. The June U.S. jobs report came in stronger than expected, with nonfarm payrolls rising by 147,000 versus consensus estimates around 110,000. As the report weakened hopes for a July rate cut, investors started rebalancing their exposure to assets such as Bitcoin. Simultaneously, market sentiment was impacted by the passage of Trump’s One Big Beautiful Bill, a comprehensive tax and spending package that cleared the Senate on…
Filed under: News - @ July 7, 2025 8:19 am