ETF flows flip to net outflows as Bitcoin holds near $63,000 amid revived U.S.-Iran tensions

U.S. spot Bitcoin exchange-traded funds swung back to net outflows on July 8, interrupting a short run of inflows as Bitcoin traded near $63,000 and broader markets reacted to renewed U.S.-Iran tensions. Farside Investors data showed the group lost $84.9 million on the day after posting positive net flows on July 6 and July 7. Bitcoin changed hands around the low-$63,000 area on July 9, according to market trackers, after dipping below $62,000 during the latest risk-off move. U.S. spot Ether ETFs moved the other way, extending their inflow streak with a $70.5 million gain on July 8. ### Which Bitcoin funds drove the reversal in flows? Farside Investors said U.S. spot Bitcoin ETFs recorded net outflows of $84.9 million on July 8. The biggest withdrawals came from BlackRock’s IBIT at $59.1 million and Grayscale’s GBTC at $63.7 million, while Grayscale’s lower-fee BTC fund added $52.8 million. CoinGlass, which tracks the same segment, showed daily net outflows of 1.34K BTC, equivalent to about $84.9 million, with total net assets at $72.79 billion and daily trading volume at $3.84 billion as of the July 8 close. ### Was this a one-day break or a broader shift? July 7 still showed a modest net inflow for U.S. spot Bitcoin ETFs. Farside’s table listed $21.5 million of net inflows on July 7 after a larger $265.7 million inflow on July 6, making the July 8 outflow a reversal rather than a continuation. (farside.co.uk) CoinGlass data points to the same pattern. The tracker showed net inflows of 335.82 BTC on July 7 and 4.18K BTC on July 6 before the July 8 swing to outflows. (coinglass.com) ### Why were traders watching Iran headlines at the same time? Reuters reported on July 9 that oil prices fell more than 1% as markets assessed an escalating conflict between the United States and Iran and the implications for reopening the Strait of Hormuz. (farside.co.uk) The New York Times reported on July 9 that the U.S. military hit dozens of Iranian targets for a second night and that Iran responded with missiles and drones aimed at U.S. bases in Kuwait and Bahrain. (coinglass.com) CoinMarketCap’s market update said Bitcoin fell below $62,000 on July 9 amid U.S.-Iran tensions and a broader crypto selloff. On X, trader account De3ngineer said Bitcoin was holding near the $62,000-$63,000 range despite the geopolitical pressure and pointed to the split between Bitcoin ETF outflows and Ether ETF inflows. ### Why did Ether ETFs tell a different story? (msn.com) Farside Investors showed U.S. spot Ether ETFs took in $70.5 million on July 8. Fidelity’s FETH led with $69.2 million of inflows, while VanEck’s ETHV added $1.3 million. Bloomingbit, citing the prior day’s session, reported that U.S. spot Ether ETFs had already extended their inflow streak to four straight trading sessions with $25.2 million of net inflows on July 8, led by BlackRock’s ETHA. (coinmarketcap.com) Farside’s July 8 table indicates the streak continued, though leadership shifted toward Fidelity’s product in that session. (farside.co.uk) ### What should traders watch next? July 9 flow tables from Farside Investors had not yet posted new daily Bitcoin or Ether ETF figures at the time of the latest update. The next data point is whether BlackRock’s IBIT, Fidelity’s FBTC and Grayscale’s GBTC return to net inflows after the July 8 reversal, while Bitcoin’s price action around $62,000 to $63,000 remains the immediate market level in focus. (farside.co.uk) (en.bloomingbit.io)