US spot Bitcoin ETFs saw four consecutive sessions of withdrawals totaling $526 million amid Bitcoin’s struggle to sustain $65,000.
US-listed spot Bitcoin ETFs recorded $526 million in net outflows over four straight trading sessions as Bitcoin failed to hold above $65,000. The withdrawals followed a brief rebound, with $49.8 million pulled in the latest session after Bitcoin dipped to $63,100.
The largest outflows occurred on July 24 and July 23, totaling $240 million and $225 million, respectively. Despite the recent selling pressure, cumulative net inflows remained at $51.3 billion, with total net assets at $77.2 billion as of July 28. The outflows followed a seven-day inflow streak that brought in nearly $1 billion.
Bitcoin spot volumes on major exchanges have declined sharply, with Binance recording $35 billion in July compared to $246 billion in November 2024. Bitcoin traded at $64,371, up 2.7% over the past week but still below its recent peak.