PiCK
US Spot-Bitcoin ETFs See $49.7 Million in Outflows for Fourth Straight Session
Suehyeon Lee
Summary
- US spot-Bitcoin ETFs posted total daily net outflows of $49.7 million, extending their streak of net redemptions to four straight trading sessions.
- BlackRock’s IBIT saw $54.8 million leave the fund, making it the only US spot-Bitcoin ETF to record net outflows that day.
- Grayscale’s Bitcoin Mini Trust (BTC) posted $5.1 million in net inflows, partially offsetting the overall outflow.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds extended their run of net outflows.
Farside Investors data showed on July 29 that US spot-Bitcoin ETFs posted combined net outflows of $49.7 million in the previous session. That was the fourth consecutive trading day of net redemptions.
BlackRock’s IBIT accounted for the day’s only outflow, with $54.8 million leaving the fund.
Grayscale’s Bitcoin Mini Trust (BTC) drew net inflows of $5.1 million, offsetting part of the overall outflow. The other products recorded no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.