BlackRock's IBIT Leads $225 Million Net Outflows from US Spot Bitcoin ETFs

BlackRock's iShares Bitcoin Trust (IBIT) was responsible for nearly 90% of the $225 million net outflows from US spot Bitcoin ETFs on July 23, ending a seven-session inflow streak. The reversal erased approximately 22.5% of the preceding $999.3 million inflow.

The IBIT posted a $202.5 million net outflow, dwarfing the combined outflows of five other funds at $27.6 million and Grayscale's GBTC attracting $5 million. This makes the session especially significant for BlackRock's fund, as the $202.5 million net outflow was nearly nine times the combined net outflow from every other product.

The broader eight-session total remains firmly positive, with a net inflow of $774.2 million despite the reversal. The July 23 withdrawal suggests that investor positioning established at different points during the day may have been bearish, but fund flows are calculated after the trading session and can reflect this timing.