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Bitcoin ETFs Shed $527 Million Despite Strong Thursday Rebound
U.S. spot bitcoin ETFs shed about $527 million over the holiday-shortened week ending Thursday, July 2, extending their weekly outflow streak to 8 consecutive weeks and setting the longest negative run in the category’s history. The drawdown came across only 4 trading sessions, with U.S. markets closed Friday for the Independence Day holiday. Before the current streak began in mid-May, spot bitcoin ETFs had never recorded more than 5 straight weeks of net outflows. The latest weekly loss was still far smaller than the prior week’s $1.79 billion drain, showing that selling pressure eased even as the broader trend ... (full story)
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