Bitcoin ETF Outflow Hits $225M as US Crypto Market Splits

The US-listed spot cryptocurrency exchange-traded funds (ETFs) delivered a sharply divided session on July 23, with Bitcoin products suffering their largest outflow in weeks.

Spot Bitcoin ETFs recorded $225.1 million in combined net outflows, ending a seven-session inflow streak that had brought hundreds of millions of dollars back into the category.

The reversal was driven overwhelmingly by BlackRock's iShares Bitcoin Trust (IBIT), which posted $202.5 million of redemptions.

Other Bitcoin funds, including Fidelity's Wise Origin Bitcoin Fund and Bitwise's BITB, also experienced outflows, ranging from $4.3 million to $7 million.