Bitcoin ETFs see $225M outflows as geopolitical tensions and bearish signals hit crypto markets
U.S.-listed Bitcoin ETFs experienced $225.2 million in net withdrawals on July 24, ending a week-long positive inflow streak. BlackRock’s IBIT led the outflows with $202.5 million withdrawn amid broader market selloffs triggered by escalating U.S.-Iran conflicts and rising oil prices, which stoked inflation fears. Bitcoin briefly dropped below $65,000 and formed a bearish death cross pattern, while the Crypto Fear & Greed Index hit a monthly low of 28. Despite a temporary military ceasefire ordered by President Trump, geopolitical uncertainty remains high. Investors now watch the Federal Reserve's upcoming policy meeting amid mixed signals on interest rates. Ethereum ETFs, in contrast, continued to attract inflows, gaining $26.3 million on the same day.
U.S.-listed Bitcoin ETFs experienced $225.2 million in net withdrawals on July 24, ending a week-long positive inflow streak. BlackRock’s IBIT led the outflows with $202.5 million withdrawn amid broader market selloffs triggered by escalating U.S.-Iran conflicts and rising oil prices, which stoked inflation fears. Bitcoin briefly dropped below $65,000 and formed a bearish death cross pattern, while the Crypto Fear & Greed Index hit a monthly low of 28. Despite a temporary military ceasefire ordered by President Trump, geopolitical uncertainty remains high. Investors now watch the Federal Reserve's upcoming policy meeting amid mixed signals on interest rates. Ethereum ETFs, in contrast, continued to attract inflows, gaining $26.3 million on the same day.
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