Spot Bitcoin exchange-traded funds recorded a net outflow of $225 million on July 24, ending a run of seven straight trading days of inflows, according to the source cited in the report. The prior week had brought in roughly $1 billion in cumulative inflows, making the reversal notable in the context of recent fund movement.
Among individual products, BlackRock’s IBIT accounted for the bulk of the day’s withdrawals with a net outflow of $203 million. On the same day, spot Ether ETFs moved in the opposite direction, posting a net inflow of $26.3 million.
In the broader market, Bitcoin traded near $63,800, after touching a 24-hour low of $63,700 and a high of $65,406, with price action staying around the $64,000 range. The Crypto Fear & Greed Index came in at 27, down one point from the previous day and still in fear territory.
The total cryptocurrency market capitalization fell 1.1% to $2.28 trillion. Bitcoin’s market share held at 56.4%, while Ether also declined over the same period. Total market trading volume was about $63 billion. The report cited news.bitcoin as the source for the ETF flow data.
Spot Bitcoin ETFs logged a net outflow of $225 million on July 24, ending a streak of seven consecutive trading days of inflows. In the previous week, spot Bitcoin ETFs had taken in about $1 billion in cumulative inflows.
By fund, BlackRock’s IBIT posted a net outflow of $203 million on the day. Spot Ether ETFs, by contrast, recorded a net inflow of $26.3 million during the same session.
Bitcoin holds near $64,000
Bitcoin was trading near $63,800, after moving between a 24-hour low of $63,700 and a high of $65,406. Price action stayed around the $64,000 range.
The Crypto Fear & Greed Index stood at 27, down 1 point from the previous day, and remained in fear territory.
Broader crypto market slips
Total cryptocurrency market capitalization fell 1.1% to $2.28 trillion. Bitcoin dominance held at 56.4%. Ether also declined over the same period, while total market trading volume was about $63 billion.
The ETF flow figures were attributed to news.bitcoin in the source report.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
