📉 After a five-day rally, U.S. Bitcoin ETFs saw $13.7 million in outflows on July 2. This came amid a mostly bearish day for BTC. 🐻

Products such as the Grayscale Bitcoin Trust (GBTC) and Bitwise Bitcoin ETF (BITB) contributed significantly to the negative outflows, posting $32.4 million and $6.8 million, respectively.

However, not all products showed churn. Fidelity Wise Origin Bitcoin Trust (FBTC), VanEck Bitcoin Trust (HODL) and Ark 21Shares Bitcoin ETF (ARKB) raised $5.4 million, $3.5 million and $2.5 million, respectively.

Despite the bearish trend, BlackRock's iShares Bitcoin Trust (IBIT) continues to perform impressively, raising $14.1 million.

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