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Crypto

$265 Million in Net Outflows Hits Spot Bitcoin ETFs Amid Macro Uncertainty

Guavy AI Editorial Team
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On July 31, spot Bitcoin ETFs experienced a significant $265 million in net outflows. This decline is largely attributed to macroeconomic uncertainties surrounding Federal Reserve interest-rate policies and profit-taking by investors.

The data highlighted by CryptoTwitter commentator @WuBlockchain underscores the ongoing volatility in the cryptocurrency space and could signal further shifts in institutional investment behavior.

BlackRock's iShares Bitcoin Trust (IBIT) led the decline with $123 million pulled from its funds, while spot Ethereum ETFs gained $9.0295 million in inflows.

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