Bitcoin ETFs Extend Outflow Streak Amid Renewed Selling Pressure
US-listed Bitcoin spot exchange-traded funds (ETFs) have seen outflows for four consecutive trading sessions, totaling $526 million. This trend follows a seven-day inflow streak that brought in nearly $1 billion.
The largest withdrawals occurred on July 24 and July 23, with investors pulling about $240 million and $225 million, respectively, according to SoSoValue data. Despite these outflows, cumulative net inflows remain at $51.3 billion, while total net assets stand at $77.2 billion as of July 28.
CryptoQuant community analyst Darkfost said that Bitcoin's return to a bullish trend would require renewed demand and improving market conditions. He noted that Bitcoin spot volumes on major exchanges have fallen sharply from late 2024 levels, with Binance recording about $35 billion in July spot volume compared with $246 billion in November 2024.