Crypto ETFs Lose $526M as Bitcoin Demand Weakens
Key Insights:
- Crypto ETFs posted $526 million in Bitcoin fund outflows over four sessions.
- Bitcoin briefly fell toward $63,000 as spot trading volumes declined.
- Ethereum ETF inflows showed selective demand outside Bitcoin products.
U.S.-listed crypto ETFs faced renewed pressure through July 28 as Bitcoin funds extended withdrawals across four trading sessions. Investors removed about $49.8 million during the latest session after Bitcoin briefly approached $63,000.
The withdrawals followed seven consecutive inflow sessions that attracted almost $1 billion. The reversal suggested institutional demand remained responsive to price weakness and reduced spot-market activity.
Crypto ETFs Extend Four-Session Withdrawal Streak
SoSoValue data showed that the Bitcoin ETF group lost about $526 million during four consecutive trading sessions. Withdrawals reached approximately $225 million on July 23 and $240 million on July 24.
The latest session brought another $49.8 million in net redem
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