Bitcoin Spot ETFs Suffer First Net Outflow in Three Weeks

The recent uptrend in Bitcoin spot ETF inflows has come to an end. According to SoSoValue data, U.S. spot Bitcoin ETFs recorded a net outflow of $61.53 million during the trading week of July 27 to 31.

This marks the first time in three weeks that these products have seen net outflows, indicating a shift in short-term institutional demand.

Fidelity's FBTC led the outflows with $85.19 million in redemptions, followed closely by Grayscale's GBTC with $52.63 million in outflows. However, BlackRock's IBIT partially offset this selling with a weekly inflow of $869.02 million.

The final trading day of the period saw the sharpest single-day move, with total net outflows exceeding $265 million.