US spot Bitcoin ETFs saw $265M outflows, led by BlackRock's IBIT with $123M redemptions on July 31.
US spot Bitcoin ETFs experienced significant outflows totaling $265.4 million on July 31, with BlackRock's iShares Bitcoin Trust (IBIT) accounting for nearly half at $122.7 million. This reversed a brief inflow trend seen just a day earlier. Despite the outflows, IBIT remains strong with $46.52 billion in assets and 739,066 BTC. The trend of quarterly outflows has persisted for three consecutive quarters, raising concerns about potential selling pressure if outflows continue, which could impact Bitcoin prices and ETF asset values in the coming months.
US spot Bitcoin ETFs experienced significant outflows totaling $265.4 million on July 31, with BlackRock's iShares Bitcoin Trust (IBIT) accounting for nearly half at $122.7 million. This reversed a brief inflow trend seen just a day earlier. Despite the outflows, IBIT remains strong with $46.52 billion in assets and 739,066 BTC. The trend of quarterly outflows has persisted for three consecutive quarters, raising concerns about potential selling pressure if outflows continue, which could impact Bitcoin prices and ETF asset values in the coming months.
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