U.S. spot bitcoin ETFs posted $265.4 million in net outflows on July 31, led by Blackrock’s IBIT, while spot ether ETFs pulled in roughly $9 million the same day.
Key Takeaways
U.S. spot bitcoin exchange-traded funds (ETFs) saw $265.4 million in net outflows on July 31, led by Blackrock’s IBIT.Spot ether ETFs bucked the trend with about $9 million in inflows on the same day.The reversal came a day after bitcoin ETFs pulled in $233.1 million on July 30.US spot bitcoin ETFs recorded $265.4 million in total net outflows on July 31. Blackrock’s iShares Bitcoin Trust (IBIT) led the retreat with $122.7 million in redemptions, followed by Fidelity’s FBTC at $54.8 million (with the two funds accounting for roughly two-thirds of the day’s total outflow).
IBIT’s net assets fell from $47.67 billion on July 30 to $46.52 billion on July 31, even though the fund still holds an estimated 739,066 BTC. The swings once again show just how sensitive these products remain, even for the largest funds in the category.
Ether Funds Buck the TrendWith IBIT still controlling the largest share of category assets, its daily flows will likely keep setting the tone for the broader bitcoin ETF complex heading into August.
