Spot Bitcoin ETFs see $240M net outflow on July 24; BlackRock's IBIT accounts for $212M
AI Market Summary
US spot Bitcoin ETFs saw a $240m net outflow on July 24, led by BlackRock's IBIT (-$212m) and Fidelity's FBTC (-$27.9m). The flow reversal signals softer near-term institutional demand and can pressure market liquidity and positioning, given ETFs represent ~6.05% of Bitcoin's market cap. Despite large cumulative inflows since launch, the day's withdrawals may weigh on risk appetite across crypto.
Impact level
● Medium
Affected assets
BTC/USDT-2.26%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Bitcoin spot ETFs posted a combined net outflow of $240 million on July 24 (U.S. Eastern Time), according to SoSoValue data cited by Odaily Planet Daily.
BlackRock's iShares Bitcoin Trust (IBIT) recorded the largest single-day redemption, with $212 million in net outflows. Despite the pullback, IBIT's cumulative net inflows stand at $60.394 billion.
Fidelity's Wise Origin Bitcoin Fund (FBTC) ranked second, logging $27.91 million in net outflows on the day. FBTC's historical net inflows total $10.005 billion.
As of publication, spot Bitcoin ETFs held $77.823 billion in total net assets. Their net asset ratio—measured as ETF market capitalization as a share of Bitcoin's total market cap—was 6.05%. Cumulative net inflows since launch reached $51.386 billion.
