Bitcoin ETFs Drain $526 Million as BTC Fails to Hold $65K

Bitcoin exchange-traded funds (ETFs) have continued to see outflows in recent trading sessions, with investors withdrawing around $49.8 million on July 28.

This marks the fourth consecutive day of net outflows for US-listed spot Bitcoin ETFs, bringing the total to about $526 million across those four days.

The largest withdrawals occurred on July 24 and July 23, with investors pulling around $240 million and $225 million from these funds respectively.

Despite this recent selling pressure, cumulative net inflows for Bitcoin ETFs remain at $51.3 billion, while total net assets stand at $77.2 billion as of July 28.