U.S. Investors Flee Bitcoin and Ethereum Spot ETFs with $310M Withdrawal

U.S.-based investors withdrew $310.62 million from Bitcoin and Ethereum spot exchange-traded funds (ETFs) on July 24, marking a reversal of recent inflows into these products.

The combined net outflows consisted of $240 million from Bitcoin ETFs and $70.62 million from Ethereum ETFs, which had previously seen a five-day streak of inflows.

Despite the sudden drop in demand, Ethereum's underlying network activity remains strong, with sustained momentum in developer engagement across major blockchains.