Bitcoin spot ETFs saw a total net outflow of $295–296M on July 1, with BlackRock's IBIT leading outflows at -$219M. Grayscale's BTC and Morgan Stanley's MSBT had modest inflows, while Ethereum ETFs turned slightly positive at +$14.8M.
Matters because: Persistent BTC ETF outflows suggest softer institutional demand at current prices, while the ETH inflow hints at rotation rather than broad capital flight.