Bitcoin ETFs: end of a historic sell-off sequence at -$2.7B, flow stabilizes at -$85M

After the worst sequence of outflows since their launch, US spot Bitcoin ETFs pivot: -$85M on 07/08, versus -$2.7B in the previous wave.

The fact

Cointelegraph reports on 09/07/2026 the end of the most intense sell-off sequence of US Bitcoin spot ETFs since their launch in January 2024: the cumulative wave had reached -2.7 billion $ in net outflows (May-June 2026), the pace drops to -85 M$ on the last session. Bitcoin is trading at 62,869 $ (+1.02%, 09/07/2026, Yahoo Finance), stabilized above the 60,000 $ support.

Our analysis

The -2.7 billion $ sequence marked real institutional stress: IBIT (BlackRock) concentrated more than 50% of the outflows in the previous wave (cf. pub #869). The move to -85 M$ is not a positive flow - it's a return to statistical normalcy. Technically, exiting the tail of the daily flow distribution signals that the wave of institutional rebalancing is exhausting itself. The forward-looking view: it's consistent with a price anchor ~60,000-65,000 $ as long as the Fed post-Powell has not outlined its trajectory (FOMC July 29-30). A shift to positive flows would require either a macro catalyst (dovish FOMC) or a crypto-specific trigger (resolution of the Ether staking ETF case).

To watch

Cumulative spot ETF flows for the week of July 14; BlackRock's Q2 results (mid-July) and communication on IBIT; CME perpetual funding rate at the monthly close; positioning pre-FOMC.