Summary
- U.S.-listed spot-Bitcoin ETFs recorded total net outflows of $240.08 million, marking a second straight trading day of withdrawals.
- IBIT posted net outflows of $212.17 million, while Fidelity's FBTC recorded $27.91 million in net outflows. The other 11 ETFs saw no changes.
- Despite the short-term withdrawals, cumulative net inflows into U.S. spot-Bitcoin ETFs remained at $51.39 billion, while Bitcoin fell 2.1% from a day earlier to trade in the $64,000 range.
Forecast Trend Report by Period
U.S.-listed spot-Bitcoin ETFs posted combined net outflows of $240.08 million on July 24, according to SoSoValue data. It was the second straight trading day of net withdrawals.
BlackRock's IBIT accounted for more than 88% of the total outflow, with $212.17 million leaving the fund in a single day. Fidelity's FBTC recorded net outflows of $27.91 million. The other 11 ETFs, including Grayscale's GBTC, Bitwise's BITB and ARK 21Shares' ARKB, saw no inflows or outflows.
Despite the short-term withdrawals, cumulative net inflows into the U.S. spot-Bitcoin ETF market remained at $51.39 billion. BlackRock's IBIT, the largest recipient of investor money, had net assets of $47.2 billion and cumulative net inflows of $60.39 billion.
Bitcoin also fell as institutional money pulled back. After rising about 10% over the past three days and topping $66,000, the cryptocurrency was trading in the $64,000 range, down 2.1% from a day earlier amid the ETF outflows.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀