Bitcoin ETFs Flourish with a Single Outflow in Over Two Weeks: Santiment Reports

Santiment reports a strong streak for Bitcoin ETFs with just one day of outflows in the past 17 trading days, potentially driving Bitcoin prices higher. Since June 6, only one day saw more funds leaving than entering these products, a trend seen as positive for Bitcoin and the broader crypto market. As of July 7, U.S. spot Bitcoin ETFs saw a net flow of $216.5 million across all issuers, led by BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity's (FBTC).

Despite a major net outflow on July 1, the sustained demand has led to cumulative net inflows of approximately $49 billion and total ETF assets under management (AUM) amounting to over $131 billion. Spot Bitcoin ETFs have pulled in over $14.4 billion this year, contributing to a bullish outlook for Bitcoin's price in 2025.