The US spot Bitcoin ETF market snapped a three-day inflow streak on Monday, July 8, with net outflows reaching $84.9 million, according to data from Farside Investors. BlackRock’s iShares Bitcoin Trust (IBIT) led the redemptions with $59.1 million in outflows, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) shed $14.9 million. Grayscale’s Bitcoin Trust (GBTC) posted the largest single‑fund outflow at $63.7 million. However, Grayscale’s lower‑fee Bitcoin Mini Trust bucked the trend, attracting $52.8 million in fresh capital, indicating that investors still seek Bitcoin exposure but are shifting toward more cost‑efficient vehicles.
Separately, spot ETFs tracking Solana (SOL) and XRP also witnessed capital withdrawals. Solana ETFs recorded net outflows of $8.6 million, while XRP ETFs saw $7.29 million leave their coffers. The redemptions suggest a cautious, profit‑taking stance amid broader market consolidation without clear directional catalysts.
Defying the broader exodus, the Hyperliquid (HYPE) spot ETF attracted net inflows of $3.3 million on the same day. Although modest in absolute terms, the inflow into a niche ecosystem product highlights how investors are differentiating opportunities at a time when larger funds are bleeding. The mixed flow picture underscores a maturing ETF market where daily flows increasingly serve as a granular barometer of institutional conviction. While single‑day outflows are not unusual, sustained negative trends could signal waning confidence among professional participants.
