US spot Bitcoin (CRYPTO:BTC) ETFs saw a net outflow of $20.45 million on July 3rd, with only Grayscale's GBTC and Fidelity's FBTC showing activity.

GBTC faced a $26.99 million exit, while FBTC gained $6.55 million; the remaining nine funds, including BlackRock's IBIT, reported no flows.

Trading volume for the 11 funds dropped to $800 million from $995 million the previous day, a significant decline from March's $8-$10 billion daily range.

Despite a positive start to July with a $129 million inflow, market momentum has waned, with Bitcoin prices dropping to $56,770.

Germany's government moved $1,300 BTC to major exchanges, and whales transferred 1,700 BTC to Binance, indicating profit-taking.

Bitfinex's Jag Kooner suggests potential future ETF inflows if economic uncertainty prompts Fed rate cuts, but recent flows have been underwhelming.