U.S. spot crypto exchange-traded funds returned to net inflows on Thursday, July 2, with Bitcoin, Ether and Solana products together attracting approximately $254.7 million after a difficult run of late-June redemptions.
Spot Bitcoin ETFs led the recovery with $223.5 million in net inflows, marking a sharp reversal from the previous session’s $296.0 million outflow. Fidelity’s FBTC was the strongest performer, bringing in $166.0 million, followed by ARK 21Shares’ ARKB with $91.8 million. Smaller inflows came from Valkyrie’s BRRR at $1.7 million and VanEck’s HODL at $4.4 million. BlackRock’s IBIT remained negative, losing $40.4 million, while Bitwise’s BITB, Invesco’s BTCO, Franklin Templeton’s EZBC, WisdomTree’s BTCW, MSBT, Grayscale’s GBTC and Grayscale’s BTC were flat.
Ether ETFs also posted a positive session, adding $29.0 million. BlackRock’s ETHA accounted for most of the demand with $29.7 million in net inflows. Bitwise’s ETHW added $0.8 million and QETH gained $1.2 million, while Grayscale’s ETHE lost $2.7 million. Fidelity’s FETH, TETH, ETHV, EZET and Grayscale’s ETH were unchanged.
Solana ETFs added a modest $2.2 million, entirely through Bitwise’s BSOL. VSOL, FSOL, TSOL, SOEZ and GSOL were flat. Although small in absolute terms, Solana’s positive print helped confirm that July 2 was a broad risk-on ETF session rather than a Bitcoin-only rebound.
Bitcoin Flows Break the Negative Pattern
The July 2 data matters because Bitcoin ETFs had been under sustained pressure heading into the session. From June 23 through July 1, the category posted seven straight negative trading days, losing about $2.47 billion. That run included heavy outflows of $691.7 million on June 25, $444.5 million on June 26 and $296.0 million on July 1.
A $223.5 million inflow does not erase that damage, but it shows that buyers are still willing to allocate after prices weakened and sentiment deteriorated. The leadership from FBTC and ARKB is also important because the session was not driven by BlackRock’s IBIT. In fact, IBIT remained in outflow, showing that the recovery was led by competing issuers rather than the market’s largest Bitcoin ETF.
That mix suggests investors may be rotating within the ETF complex rather than uniformly returning to Bitcoin exposure. Some allocators appear to be adding to lower-fee or alternative products, while the flagship institutional fund still faces redemption pressure.
Ether and Solana Add Support
Ether’s $29.0 million inflow strengthens the case that investors are selectively buying crypto weakness rather than abandoning the asset class entirely. ETHA’s $29.7 million inflow was the key driver, continuing BlackRock’s strong position in the Ether ETF market even as Grayscale’s older ETHE product remained a source of outflows.
Solana’s $2.2 million inflow was smaller, but still useful for market sentiment. Solana ETFs remain a younger and less liquid category than Bitcoin and Ether funds, so even modest positive flows can signal continued demand for higher-beta crypto exposure.
The broader market impact is that July 2 temporarily shifted ETFs from a headwind back into a support mechanism. After weeks in which regulated funds transmitted selling pressure into crypto markets, the latest data gives traders a reason to watch for stabilization.
Still, one positive day is not enough to call a durable turn. The next test is whether Bitcoin ETFs can produce consecutive inflow sessions and whether IBIT returns to positive territory. If flows remain mixed, July 2 may prove to be a relief bounce. If inflows continue, it could mark the start of a repair phase after one of the weakest ETF-flow stretches since launch.
