Bitcoin ETFs Lose Momentum as $225M Suddenly Exits
TLDR
- US spot Bitcoin ETFs recorded $225.2 million in net outflows, ending a seven-day inflow streak.
- The funds had attracted nearly $1 billion in net inflows during the previous seven sessions.
- Weekly Bitcoin ETF flows remained positive at about $274 million through Thursday.
- Bitcoin briefly dropped below $65,000, reaching a low of $64,600 before recovering.
- The Crypto Fear & Greed Index fell three points to 28, remaining in the “fear” zone.
US-listed spot Bitcoin exchange-traded funds (ETFs) ended a seven-session inflow streak on Thursday after recording $225.2 million in net outflows, according to SoSoValue. The reversal marked the first day of net redemptions since July 13, ending a period that had brought nearly $1 billion into the funds. Despite the latest outflows, the products still recorded about $274 million in net inflows for the week through Thursday, showing that weekly demand remained positive.
Bitcoin ETFs Record First Outflows Since July 13
The latest SoSoValue data showed that spot Bitcoin ETFs posted $225.2 million in net outflows on July 24. The move ended seven straight trading sessions of positive flows, making it the first negative session in more than a week.
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