Summary
- US-listed spot-Bitcoin ETFs recorded $240.08 million in net outflows for a second straight trading day.
- IBIT saw $212.17 million in outflows and Fidelity's FBTC lost $27.91 million, while the other 11 ETFs recorded no flows.
- Despite the short-term outflows, cumulative net inflows of $51.39 billion and IBIT net assets of $47.2 billion remained intact, while the Bitcoin price fell 2.1% from a day earlier.
Forecast Trend Report by Period
US-listed spot-Bitcoin ETFs posted combined net outflows of $240.08 million on July 24, according to SoSoValue. It was the second straight trading day of net redemptions.
BlackRock's IBIT accounted for more than 88% of the total, with $212.17 million leaving the fund in a single day. Fidelity's FBTC posted net outflows of $27.91 million. The other 11 ETFs, including Grayscale's GBTC, Bitwise's BITB and ARK 21Shares' ARKB, recorded no inflows or outflows.
Despite the short-term withdrawals, cumulative net inflows into the US spot-Bitcoin ETF market remained at $51.39 billion. BlackRock's IBIT, the largest fund by assets gathered, had net assets of $47.2 billion and cumulative net inflows of $60.39 billion.
Bitcoin fell alongside the institutional outflows. After climbing about 10% over the past three days to break above $66,000, it was trading in the $64,000 range, down 2.1% from a day earlier.
