Major Redemptions: FBTC and GBTC Lead Outflows
- FBTC: –$172.73M
- GBTC: –$119.51M
- ARKB: –$27.03M
- BITB: –$22.98M
Other spot bitcoin ETFs saw no significant capital movement on the day. The scale of withdrawals from flagship products like FBTC and GBTC highlights mounting profit-taking and a tactical reallocation among sophisticated investors.
Ethereum ETFs Attract Net Inflows for Third Consecutive Day
Ethereum ETFs post continued capital inflows. SoSoValue.In contrast, spot Ethereum ETFs maintained positive momentum. On July 1, ETH-linked funds attracted $40.68 million in net inflows, extending their streak to three consecutive days. Leading products included:
- ETHA: +$54.84M
- ETHE: +$9.97M
- FETH (Fidelity): –$24M outflow
No notable capital movement was observed in other Ethereum ETFs.
International Flows: Hong Kong ETFs Show Minor Outflows
Outside the US, spot bitcoin and Ethereum ETFs in Hong Kong saw marginal outflows of 0.00198 BTC and 0.02 ETH respectively, underlining a cautious investor approach amid global market uncertainty.
Macro Perspective and Regulatory Outlook
The abrupt outflow from US bitcoin ETFs coincides with shifting risk appetite and ongoing regulatory uncertainty. Meanwhile, Bloomberg Intelligence analysts Eric Balchunas and James Seyffart recently revised their forecast regarding the likelihood of SEC approval for new spot crypto ETFs before the end of 2025, reflecting the evolving landscape for crypto-backed exchange-traded products.