US Spot Bitcoin ETFs Bleed $240M Over Two Consecutive Days

U.S. spot Bitcoin exchange-traded funds (ETFs) saw $240.1 million in net outflows on July 24, marking a second consecutive day of capital leaving the funds.

The streak follows a period of net inflows earlier in the month, signaling a shift in investor sentiment.

BlackRock's iShares Bitcoin Trust (IBIT) led the outflow with $212.2 million exiting the fund, the largest single-day outflow since its launch.

Fidelity's Wise Origin Bitcoin Fund (FBTC) recorded $27.9 million in net redemptions.

The back-to-back outflows coincide with a volatile week for Bitcoin prices, which briefly fell below $64,000 on July 24 before recovering slightly.