US Spot Bitcoin ETFs Suffer Record Net Outflows on July 23

The eight-day streak of inflows into US spot Bitcoin exchange-traded funds (ETFs) came to an end on July 23, as the 12 ETFs recorded combined net outflows of $225.1 million.

This significant shift was led by BlackRock's IBIT, which posted $202.5 million in net outflows. In contrast, Morgan Stanley's MSBT bucked the trend with a net inflow of $5 million.

The sudden change may come as a surprise to investors who had grown accustomed to the consistent influx of funds into these ETFs over the previous eight sessions.