Bitcoin ETFs end outflow streak with 221 million dollars

After one of the toughest stretches for Bitcoin ETFs in years, there's a cautious glimmer of light. On 3 July 2026, US spot Bitcoin ETFs took in a net 221.7 million dollars (roughly €193 million) — the largest single-day inflow in over two months, and the end of a painful 10-day consecutive outflow streak.

In short

💰 US spot Bitcoin ETFs saw a net inflow of 221.7 million dollars (roughly €193 million) on 3 July · 🔚 that ended a 10-day outflow streak that had drained roughly 2.73 billion dollars (roughly €2.38 billion) · 🏦 Fidelity's FBTC accounted for the bulk of it: 165.96 million dollars (roughly €144 million) (roughly 75%) · 📈 Bitcoin recovered to around 61,700 dollars (roughly €53,700), after touching a 21-month low below 58,000 dollars (roughly €50,500) earlier in the week · 😨 the Fear & Greed Index still reads 24 (‘extreme fear’) · ⚖️ for 2026 as a whole, net outflows from US Bitcoin ETFs still stand at roughly 5.4 billion dollars (roughly €4.7 billion).

---

A rough stretch for Bitcoin ETFs

June 2026 went into the books as one of the toughest months for Bitcoin in years: a loss of more than 20%, the worst month since June 2022. Much of that pressure came from institutional investors pulling money out of US spot Bitcoin ETFs en masse. That outflow ran for ten consecutive days, draining roughly 2.73 billion dollars (roughly €2.38 billion) from the funds in the process.

What changed on 3 July?

On Thursday 3 July, the picture flipped: for the first time in ten days, net money flowed back into the funds — 221.7 million dollars (roughly €193 million) worth. The bulk of it — 165.96 million dollars (roughly €144 million), roughly three-quarters of the total — came from Fidelity's FBTC. Bitcoin itself recovered over the same period to around 61,700 dollars (roughly €53,700), after slipping earlier in the week to below 58,000 dollars (roughly €50,500), its lowest level in 21 months.

Is this a trend reversal or a one-off blip?

Some nuance is needed here. One day of inflows, however welcome, doesn't make a trend reversal. Looking at 2026 as a whole, net outflows from US spot Bitcoin ETFs still stand at roughly 5.4 billion dollars (roughly €4.7 billion) — so the 3 July inflow is a signal, not a solved problem. Broader market sentiment also remains gloomy: the Fear & Greed Index still read 24 on 5 July, squarely in ‘extreme fear’ territory.

What are analysts saying?

Views on where this goes next diverge sharply:

• Some analysts see room for a recovery toward 67,000 to 77,000 dollars (roughly €58,300 to €67,000), though with significant resistance along the way.
• Other voices, such as analyst Joe Consorti, expect a definitive bottom only around October–November, potentially in a range of 40,000 to 50,000 dollars (roughly €34,800 to €43,500).
• Major banks like Standard Chartered and Bernstein meanwhile stick with their long-term target of 150,000 dollars (roughly €130,500) for 2026.

That spread of opinions is itself a lesson: no one can say with certainty where the bottom lies, and even outlooks from well-known institutions can differ wildly.

What does this mean for you?

As we noted earlier when covering the year's low point and June's record outflows: ETF flows are a useful gauge of institutional sentiment, but not a forecast. A few level-headed points to keep in mind:

• 📊 One day of inflows doesn't flip sentiment overnight.
• 🧭 Look at the broader trend (weeks, not hours) for a more realistic picture.
• 📅 Investors unsure about timing often choose to buy in stages (DCA) rather than try to catch the exact bottom.

---

This article is informational and not investment advice. ETF flow and price figures are snapshots, based on official dollar amounts with an indicative euro conversion, and can change quickly. Always do your own research and only invest what you can afford to lose.

Sources: Fidelity, Standard Chartered, Bernstein. Last checked: 6 July 2026.