Bitcoin ETFs Bleed $265M as Ether Funds See Contrarian Inflows
US spot bitcoin exchange-traded funds (ETFs) saw $265.4 million in net outflows on July 31, led by Blackrock's iShares Bitcoin Trust (IBIT).
The fund recorded $122.7 million in redemptions, followed by Fidelity's FBTC at $54.8 million.
This reversal stands out because it followed a strong inflow day on July 30, when the same funds had attracted $233.1 million in net inflows.
Meanwhile, spot ether ETFs bucked the trend with about $9 million in inflows on July 31, led by Blackrock's iShares Ethereum Trust (ETHA).