BlackRock logs 11 straight Bitcoin ETF outflow days as U.S. funds snap streak with $221 million inflow

BlackRock's IBIT extended its run to 11 consecutive trading days of net outflows after a $40.43 million withdrawal on July 2, bringing cumulative outflows to about $2.2 billion. At the broader market level, U.S.-listed spot Bitcoin ETFs recorded a $221.72 million net inflow on July 2, ending a 10-day stretch of daily outflows, but the group still posted a record eighth straight week of net losses, shedding about $527 million in the holiday-shortened week. At the same time, Bitcoin whales accumulated more than 270,000 BTC, worth about $16.7 billion, over the past two weeks, diverging from record outflows from U.S. spot Bitcoin ETFs. Analysts said the pattern resembles past cycle bottoms, with institutional deleveraging alongside continued accumulation by long-term holders and large wallets.