ETFs See $310M Outflow as Ethereum Fund Inflow Streak Ends

U.S. spot Bitcoin and Ethereum ETFs saw significant outflows on July 24, ending a five-session inflow streak for ETH funds.

The combined net outflow was $310.62 million, with Bitcoin ETFs accounting for $240 million of the daily loss and Ethereum ETFs shedding $70.62 million.

The sudden reversal in sentiment comes as traders had been quietly rotating into Ethereum products driven by improving network fundamentals and a rebound in decentralized finance activity.

However, this momentum evaporated on July 24, with analysts pointing to macroeconomic jitters or month-end rebalancing as possible factors contributing to the outflows.