- US spot Bitcoin ETFs recorded four consecutive trading sessions of net outflows totaling approximately $526 million.
- The largest single-day withdrawals occurred on July 24 and July 23, at about $240 million and $225 million, respectively.
- Despite the outflow streak, cumulative net inflows remain robust at $51.3 billion, with total net assets of $77.2 billion as of July 28.
- Bitcoin briefly fell to $63,000 after failing to hold the $65,000 level, reinforcing renewed selling pressure.
US-listed spot Bitcoin exchange-traded funds (ETFs) experienced their fourth straight session of net outflows, with investors pulling about $49.8 million as Bitcoin briefly dropped to $63,000 after failing to sustain $65,000. The cumulative outflows across the four days reached approximately $526 million, according to data from SoSoValue.
The heaviest withdrawals came on July 24 and July 23, totaling roughly $240 million and $225 million, respectively. US spot Bitcoin ETFs have thus faced renewed selling pressure amid Bitcoin’s inability to hold the $65,000 threshold.
However, the broader picture remains positive: cumulative net inflows since launch stand at $51.3 billion, while total net assets reached $77.2 billion as of July 28. Consequently, the outflow streak, while notable, represents a relatively small fraction of the overall capital invested in these products.
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