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US spot Bitcoin and Ether ETFs record July 2 net inflows

US spot Bitcoin and Ether ETFs record July 2 net inflows

Bitcoin funds took in $221.72 million on July 2, ending a 10-session outflow streak, though BlackRock's IBIT posted outflows even as Ether ETFs and other crypto products also saw fresh demand.

BTC
SOL
XRP

Fact Check
Multiple independent sources corroborate the core figures. PANews (citing SoSoValue, the same data provider named in the claim) reports $222M BTC ETF net inflow with FBTC leading (+$166M). BlockBeats (via Farside) reports $223.5M BTC inflow and $29M ETH inflow with ETHA at $29.7M. Both confirm FBTC led BTC creations and ETHA led ETH creations, matching the claim. The Ether figure of $29.0822M is consistent with the reported ~$29M. Minor rounding variance ($222M vs $223.5M) reflects slightly different data snapshots but does not contradict the claim.
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Summary

US-listed spot crypto exchange-traded funds recorded net inflows on July 2, with spot Bitcoin ETFs drawing $221.72 million and spot Ether ETFs adding $29.08 million. The Bitcoin intake ended a 10-trading-session run of redemptions that had seen more than $2.7 billion leave the products and came after June posted a record $4.5 billion monthly outflow for the category since launch in January 2024. Fidelity's FBTC led the day's Bitcoin ETF creations with $166 million, while ARKB also helped drive the rebound, even as BlackRock's IBIT recorded the largest daily outflow at $40.43 million, raising questions over how broad institutional demand was across the fund complex. Total net assets across spot Bitcoin ETFs rose to $74.37 billion. Ether ETFs extended their rebound after inflows of $14.89 million a day earlier ended a nine-day losing streak. Other crypto-linked funds also advanced, with Hyperliquid ETFs taking in $2.24 million, Solana ETFs adding $2.2 million and XRP ETFs drawing $6.55 million after two straight days of outflows. The shift in flows coincided with a broader crypto price recovery as Bitcoin climbed back above $60,000 on July 1 and traded above $62,000 intraday on July 2 after weak US jobs data and changing rate expectations.

Terms & Concepts
  • net inflows: The amount of money entering a fund after subtracting investor withdrawals.
  • spot Bitcoin ETFs: Exchange-traded funds that hold Bitcoin directly to track its market price.
  • redemptions: Investor withdrawals from a fund, typically requiring shares to be cashed out or unwound.