Crypto ETFs Log Fourth Straight Day of Outflows with $49.75M in Bitcoin Redemptions

Crypto ETFs continued their downward trend on July 28, recording net outflows of $49.75 million in Bitcoin funds.

This was the fourth consecutive trading session with negative flows, following a high point where seven straight positive sessions pulled in $999.38 million combined between July 14 and July 22.

The latest redemptions were concentrated in BlackRock's IBIT, which shed $54.83 million or roughly 860 BTC, making it the only fund to post outflows on the day.

Fidelity's FBTC, Grayscale's GBTC, Bitwise's BITB, and other funds reported no net activity, with daily traded value remaining near $1.40 billion.