Bitcoin Spot ETFs See Net Outflows After Three-Week Streak

After three consecutive weeks of net inflows into Bitcoin spot exchange-traded funds (ETFs), last week saw a change in trend, according to data from SoSoValue. From July 27 to July 31, Eastern Time, these ETFs experienced net outflows totaling $61.53 million.

The Fidelity-owned ETF FBTC led the way in terms of largest net outflow, with weekly outflows reaching $85.19 million. Despite this, FBTC's cumulative net inflows since inception stand at a significant $9.92 billion.

Grayscale's Bitcoin Trust GBTC followed closely behind, with weekly net outflows of $52.63 million. Notably, its cumulative net outflows now exceed $27.47 billion.

In contrast, BlackRock's IBIT ETF saw the largest net inflow last week, at $86.90 million. To date, IBIT has attracted a substantial $60.48 billion in cumulative net inflows.

The total net asset value of Bitcoin spot ETFs currently stands at $76.29 billion, with an ETF net asset ratio (market cap relative to Bitcoin's total market cap) of 6.04%. Cumulative net inflows since inception have reached $51.32 billion.