BlackRock's IBIT Leads Bitcoin Spot ETF Outflows to $265 Million

Bitcoin spot ETFs experienced a net outflow of $265 million on July 31, according to data from SoSoValue. This significant withdrawal is attributed to the decline in investor interest in these funds.

The largest single-day net outflow was seen in BlackRock's IBIT ETF, with a whopping $123 million exiting the fund. Despite this recent outflow, IBIT's historical total net inflow has reached an impressive $60.481 billion.

Fidelity's FBTC ETF followed closely behind, with a single-day net outflow of $54.781 million. Its current historical total net inflow stands at $9.919 billion.