TLDR
- US spot Bitcoin ETFs recorded $225.2 million in net outflows, ending a seven-day inflow streak.
- The funds had attracted nearly $1 billion in net inflows during the previous seven sessions.
- Weekly Bitcoin ETF flows remained positive at about $274 million through Thursday.
- Bitcoin briefly dropped below $65,000, reaching a low of $64,600 before recovering.
- The Crypto Fear & Greed Index fell three points to 28, remaining in the “fear” zone.
US-listed spot Bitcoin exchange-traded funds (ETFs) ended a seven-session inflow streak on Thursday after recording $225.2 million in net outflows, according to SoSoValue. The reversal marked the first day of net redemptions since July 13, ending a period that had brought nearly $1 billion into the funds. Despite the latest outflows, the products still recorded about $274 million in net inflows for the week through Thursday, showing that weekly demand remained positive.
Bitcoin ETFs Record First Outflows Since July 13
The latest SoSoValue data showed that spot Bitcoin ETFs posted $225.2 million in net outflows on July 24. The move ended seven straight trading sessions of positive flows, making it the first negative session in more than a week.
During the previous seven sessions, the funds attracted nearly $1 billion in net inflows. One of the strongest daily performances came on July 21, when the products added about $226.9 million. Although Thursday interrupted that run, the weekly total remained positive with roughly $274 million in net inflows.
Bitcoin also weakened during Thursday’s trading session. According to CoinGecko, the cryptocurrency briefly fell to $64,600 before recovering to around $65,403 at the time of publication.
The decline came as US stocks also moved lower during renewed tensions between the United States and Iran. Market participants monitored both traditional financial markets and digital assets as investors reduced exposure to risk-sensitive assets during the session.
Market Sentiment Remains in Fear Territory
Market sentiment also softened during the day. Data from Alternative.me showed that the Crypto Fear & Greed Index fell by 3 points to 28 on Friday, keeping the indicator in the “fear” zone.
Earlier this week, XS.com Head of Business Development Simon-Peter Massabni said, “Bitcoin would need to break and hold above the $65,000–$65,500 range to strengthen the case for a sustained uptrend.” He also noted that the recent ETF inflows pointed more toward easing selling pressure than confirming a return of broad institutional demand.
While Bitcoin ETFs recorded outflows, US-listed spot Ether ETFs continued attracting new capital. SoSoValue reported that the Ether funds added $26.3 million in net inflows on Thursday, extending their winning streak to five consecutive trading sessions.
The different flow patterns showed that investors continued allocating capital to Ether products even as Bitcoin ETFs experienced redemptions.
