After 15 consecutive days of strong inflows, spot Bitcoin ETFs in the US saw their first major outflows of $342 million on July 1. The recent outflows come as BTC BTC $107 793 24h volatility: 1.3% Market cap: $2.14 T Vol. 24h: $27.74 B price shows signs of greater weakness following rejection at $107,000.
According to the data from Farside Investors, none of the spot Bitcoin ETF across all US issuers saw any inflows on July 1.
On the other hand, Fidelity Ethereum Fund (FETH) saw more than $172 million in outflows, with Grayscale’s GBTC seeing the second-largest outflows at $119.5 million. Furthermore, Ark Invest’s ARKB, and Bitwise BITB also saw minor outflows of over $20 million, with total outflows leading to $342 million.
Bitcoin ETFs Continue to See Demand
Despite yesterday’s outflows, the overall spot Bitcoin ETF market has thrived throughout this year in 2025, with more than $13.4 billion in inflows. Additionally, the total assets under management (AUM) for this overall category stand at $133 billion.
As we know, BlackRock’s IBIT has been a major contributor to this space, while clocking more than $3.85 billion in inflows just over the last month. Additionally, it is clear that institutional interest in Bitcoin ETFs is strong with Figma’s latest S-1 filing, which shows that the firm holds a massive 70 million shares of Bitwise Bitcoin ETF (BITB). The filing reads:
“On March 3, 2024, the Board of Directors approved an investment of $55.0 million into a Bitcoin exchange-traded fund investment fund operated by Bitwise, Inc.”
The initial investment was made within two months of the SEC approving the first spot Bitcoin ETFs.
BTC Price Faces Strong Selling Pressure
BTC price has been facing strong selling pressure recently and struggling to hold past $107,000 levels. Popular crypto analyst Crypto Patel noted that Binance whales have booked $2.6 billion in profits recently.
On June 16, whale investors on Binance realized $2.6 billion in profits, marking the second-largest profit spike ever recorded on the exchange. The substantial sell-off preceded a sharp correction in Bitcoin price, which fell from $105,800 shortly after the transactions. According to Crypto Patel, Binance alone accounted for more than 57% of total realized profits across all platforms that day.
Did #Binance Whales Just Trigger the #Bitcoin Dump? 🤯
On June 16, whales on Binance locked in $2.6 billion in profits — the second biggest spike ever on the exchange.Right after that, $BTC dropped hard from $105.8K. Coincidence? Probably not.
Binance alone accounted for over… pic.twitter.com/2doAjiuZXc
— Crypto Patel (@CryptoPatel) July 1, 2025
The last month of June was all muted for Bitcoin. In fact, it turns out that BTC price underperformed the S&P 500, Nikkei 225 indexes during June.
Overall, Bitcoin held steady in June, delivering below-average returns relative to the past 12 months.
By contrast, most stock indices delivered above-average returns over the same period.
That’s not a bad setup for Bitcoin to have its breakout moment in July. pic.twitter.com/EckxBUUPsS
— ecoinometrics (@ecoinometrics) July 1, 2025
Market experts will be curiously watching whether July could see any major upside for BTC.
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