Heavy net outflows continued, making it another challenging week for spot Bitcoin ETFs.

Weekly snapshot (June 22-29):

BTC ETF flows: -$1.78B

ETH ETF flows: -$273M

BlackRock’s IBIT accounted for a significant share of the outflows.

Corporate buyers remained active as a counterweight:

- Bitmine added 27,084 ETH (43M$), bringing its total holdings to 5.70M ($8.90B)

- Strategy paused Bitcoin purchases, launched a $1B Digital Credit repurchase program

- Sharplink acquired 5,000 ETH ($7.85M) and now holds 876,286 ETH ($1.30B)

Structural treasury demand continues to offset tactical ETF selling, reinforcing the ongoing consolidation narrative.