Crypto
US Spot Bitcoin ETFs Suffer $265M Outflow Amid Market Volatility
The spot Bitcoin exchange-traded funds (ETFs) in the US saw significant outflows of approximately $265.4 million on July 31, according to data from Farside Investors.
This reverses a two-day streak of net inflows, which had seen spot Bitcoin ETFs attract a combined inflow of roughly $123 million.
The leading fund in this outflow was BlackRock's IBIT, with $122.7 million leaving the fund on July 31, its largest single-day withdrawal in recent weeks.
Fidelity's FBTC followed closely behind with $54.8 million in outflows, while Grayscale's GBTC reported $52.6 million in net redemptions.