Crypto ETFS Suffer $526M Outflow Amid Weakening Bitcoin Demand

Crypto exchange-traded funds (ETFs) saw significant outflows of $526 million over four trading sessions, according to data from SoSoValue. This decline followed a seven-session inflow sequence that attracted nearly $1 billion.

The latest session saw investors withdraw about $49.8 million from Bitcoin funds, with the total withdrawals reaching approximately $225 million on July 23 and $240 million on July 24. The Bitcoin ETF group lost about $526 million during these four consecutive trading sessions.

Despite this decline, cumulative net inflows remained near $51.3 billion through July 28, while total BTC crypto ETFs net assets stood at around $77.2 billion. This figure reflects the market value of Bitcoin.