US-listed spot Bitcoin exchange-traded funds (ETFs) extended their outflow streak to four consecutive trading sessions, with investors withdrawing about $49.8 million as Bitcoin briefly fell
US-listed spot Bitcoin exchange-traded funds (ETFs) extended their outflow streak to four consecutive trading sessions, with investors withdrawing about $49.8 million as Bitcoin briefly fell to $63,000.
Bitcoin ETFs recorded total net outflows of about $526 million across the four trading sessions, with the largest withdrawals coming on July 24 and July 23, at about $240 million and $225 million, respectively, according to SoSoValue data.
Despite the recent selling pressure, cumulative net inflows remained at $51.3 billion, while total net assets stood at $77.2 billion as of July 28.
The outflows followed a seven-day inflow streak that brought in nearly $1 billion, highlighting renewed volatility after Bitcoin failed to hold above $65,000. CryptoQuant community analyst Darkfost said Bitcoin’s return to a bullish trend would require renewed demand and improving market conditions. He said Bitcoin spot volumes on major exchanges have fallen sharply from late 2024 levels, with Binance recording about $35 billion in July spot volume compared with $246 billion in November 2024.
At the time of publication, Bitcoin was trading at $64,371, up 2.7% over the past seven days, according to CoinGecko data. Bitcoin briefly dropped as low as $63,100 on Thursday, marking its lowest level since July 17.
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