Fidelity’s FBTC Leads $222 Million Bitcoin ETF Rebound After 10 Days of Outflows
Crypto ETF flows rebounded on Thursday, July 2, with bitcoin ETFs drawing $221.72 million, their largest inflow since May 5 and the first positive session after 10 straight days of outflows.
Bitcoin ETFs posted $221.72 million in net inflows, ending a 10-day run of redemptions. Fidelity’s FBTC led the recovery with a $165.96 million addition. Ark & 21Shares’ ARKB followed with $91.84 million, while Vaneck’s HODL brought in $4.35 million. Blackrock’s IBIT was the only fund to record an outflow, losing $40.43 million. Total bitcoin ETF value traded reached $2.13 billion, while total net assets closed at $74.37 billion.
Ether ETFs also joined the rebound, adding $29.08 million. Blackrock’s ETHA led with $29.74 million in inflows. Vaneck’s ETHV added $1.24 million, and Fidelity’s FETH brought in $846,460. Grayscale’s ETHE was the lone drag, with a $2.75 million outflow. Total Ether ETF value traded stood at $669.66 million, and net assets closed at $9.02 billion. Bloomberg analyst James Seyffart noted that cumulative flows for U.S. spot ether ETFs have fallen to a new low of $10.7 billion, with $4.25 billion in outflows since October and $1.1 billion leaving over the past roughly six weeks.
Altcoins joined the broad-based rebound. XRP ETFs logged $6.55 million in net inflows, all through Bitwise’s XRP ETF. HYPE ETFs added $2.24 million, primarily through Bitwise’s BHYP. Solana ETFs completed the all-green session with $2.20 million in net inflows, primarily through Bitwise’s BSOL.
Thursday’s flows did not erase the damage from June, but they changed the tone. Bitcoin found its first real relief in more than two weeks, ether joined the move, and altcoin ETFs showed that buyers are still willing to step back in when the market offers a cleaner entry point.