Bitcoin spot ETFs saw net outflows of $527 million this week, marking the eighth consecutive week of net outflows.

According to data from SoSoValue, Bitcoin spot ETFs saw a net outflow of $527 million this week (June 29 to July 2, Eastern Time). The BlackRock ETF (IBIT) experienced the largest net outflow this week, with a weekly net outflow of $773 million. IBIT's historical total net inflow is currently $59.99 billion. This is followed by the Grayscale Bitcoin Trust (GBTC), with a weekly net outflow of $27.6866 million. GBTC's historical total net outflow is currently $27.17 billion. The Ark & 21 Shares ETF (ARKB) saw the largest net inflow this week, with a weekly net inflow of $102 million. ARKB's historical total net inflow is currently $1.26 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $74.37 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.02%, and a cumulative net inflow of $51.08 billion.