Bitcoin ETF Sees $225M Outflow as BTC Price Slips Below $65K
Key Insights:
- Bitcoin ETF outflows reached $225.2 million on July 23.
- Bitcoin fell below $65,000 as U.S. equities weakened.
- Ether funds attracted $26.3 million during the same session.
U.S.-listed spot Bitcoin exchange-traded funds recorded $225.2 million in net outflows on July 23. The reversal ended a seven-session inflow streak as Bitcoin fell below $65,000. SoSoValue data showed investors shifted toward Ether funds during the same session.
The move mattered because ETF demand had supported Bitcoin’s rebound from July lows. Nearly $1 billion entered the funds during the previous seven sessions. Thursday’s reversal tested whether institutional demand could withstand pressure from equities and geopolitical risk.
Bitcoin ETF Outflow Coincided with BTC Price Weakness
CoinGecko data showed the BTC price fell to an intraday low near $64,600. Bitcoin later recovered toward $65,400 but remained below the previous session’s local high.
The price of Bitcoin also tracked weakness across U.S. risk assets. Renewed tensions between the U.S. and Iran pressured equity markets during Thursday trading. Bitcoin’s reaction showed that traditional markets still influenced short-term crypto positioning.
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