Bitcoin ETFs Break 10-Day Outflow Streak With $221.7M Inflow as Rate Hike Odds Ease

Spot Bitcoin ETFs just broke a 10-day outflow streak, snagging $221.7 million on July 2. This inflow reverses a brutal stretch where over $2.7 billion fled the funds, marking the deepest institutional pullback since their January launch. The turnaround follows a record-shattering June where Bitcoin ETFs saw $4.5 billion in redemptions, with BlackRock's IBIT bleeding $3.55 billion alone.

Ethereum ETFs also saw a boost, adding $29.08 million, while Solana and Hyperliquid ETFs saw smaller gains. XRP ETFs, however, continued to bleed.

The ETF inflow coincided with a broader crypto market rally, pushing Bitcoin back above $60,000. A weaker-than-expected jobs report on July 2 fueled this surge, driving BTC to an intraday peak above $62,000 and significantly lowering the probability of a July Fed rate hike. Traders are now pricing in less tightening, a bullish signal for risk assets.

Whether this inflow marks a sustained trend or a temporary bounce is the key question. The market is watching closely to see if institutional demand has truly returned.