Bitcoin spot ETFs recorded net outflows of $527 million this week, extending the streak of net outflows to 8 consecutive weeks

Odaily reported that according to SoSoValue data, during this week's trading days (Eastern Time June 29 to July 2), Bitcoin spot ETFs saw net outflows of $527 million.

The Bitcoin spot ETF with the largest net outflow this week was BlackRock's ETF IBIT, with a weekly net outflow of $773 million. IBIT's total historical net inflow currently stands at $59.99 billion. This was followed by the Grayscale Bitcoin Trust GBTC, with a weekly net outflow of $27.6866 million. GBTC's total historical net outflow has now reached $27.17 billion.

The Bitcoin spot ETF with the largest net inflow this week was the Ark & 21 Shares ETF ARKB, recording a weekly net inflow of $102 million. ARKB's total historical net inflow currently stands at $1.26 billion.

As of press time, the total net asset value of Bitcoin spot ETFs stands at $74.37 billion, with the ETF net asset ratio (market value as a percentage of total Bitcoin market cap) reaching 6.02%. The total historical cumulative net inflow has reached $51.08 billion.