US-listed spot Bitcoin exchange-traded funds extended their outflow streak to four consecutive trading sessions after investors withdrew another $49.7 million from the products. Total Bitcoin
US-listed spot Bitcoin exchange-traded funds extended their outflow streak to four consecutive trading sessions after investors withdrew another $49.7 million from the products.
Total Bitcoin ETF net outflows reached approximately $526 million over the four-session period, according to Farside Investors data. The largest withdrawals occurred on July 24 and July 23, when the funds recorded outflows of roughly $240 million and $225 million, respectively.
BTC ETF flows (Source: Farside Investors)
Despite the renewed selling, spot Bitcoin ETFs continued to hold cumulative net inflows of approximately $51.3 billion.
Bitcoin experienced a lot of volatility over the past 24 hours. The Bitcoin price initially traded close to $63,500 before falling below $63,000 and reaching an intraday low of approximately $62,850.
BTC subsequently recovered by climbing back above $64,000 and could now be approaching $64,700. The rebound suggests buyers stepped in after Bitcoin reached its lowest level since July 17.
BTC’s price action over the past 24 hours (Source: CoinCodex)
At press time, Bitcoin was trading at approximately $64,624 and was up 2.7% over the past seven days, according to CoinCodex data. However, BTC has struggled to establish sustained momentum above the important $65,000 level.
The recent Bitcoin ETF outflows followed a seven-session inflow streak that attracted nearly $1 billion.
CryptoQuant community analyst Darkfost said Bitcoin will require stronger demand and improving market conditions to return to a sustained bullish trend. Spot trading volumes on major exchanges have fallen a lot from their late-2024 levels. Binance reportedly recorded approximately $35 billion in Bitcoin spot volume during July, compared with $246 billion in November 2024.
