Bitcoin ETFs extend outflow streak as BTC fails to hold $65K
US spot Bitcoin ETFs recorded four straight sessions of outflows totaling $526 million as Bitcoin faced renewed selling pressure after failing to hold $65,000.
US-listed spot Bitcoin exchange-traded funds (ETFs) extended their outflow streak to four consecutive trading sessions, with investors withdrawing about $49.8 million as Bitcoin briefly fell to $63,000.
Bitcoin ETFs recorded total net outflows of about $526 million across the four trading sessions, with the largest withdrawals coming on July 24 and July 23, at about $240 million and $225 million, respectively, according to SoSoValue data.
Despite the recent selling pressure, cumulative net inflows remained at $51.3 billion, while total net assets stood at $77.2 billion as of July 28.