US spot Bitcoin exchange-traded funds recorded a combined net outflow of $240 million on July 24, according to SoSoValue. BlackRock’s IBIT posted the largest single-day withdrawal at $212 million, while Fidelity’s FBTC followed with $27.9116 million in net outflows. Despite the daily pullback, IBIT’s cumulative historical net inflow stood at $60.394 billion and FBTC’s reached $10.005 billion. As of press time, the total net asset value of spot Bitcoin ETFs was $77.823 billion. The ETF net asset ratio, measured as the share of Bitcoin’s total market capitalization represented by ETF assets, was 6.05%. Historical cumulative net inflows across spot Bitcoin ETFs reached $51.386 billion.
US spot Bitcoin exchange-traded funds posted a total net outflow of $240 million on July 24, Eastern Time, according to SoSoValue.
BlackRock’s spot Bitcoin ETF IBIT recorded the largest single-day net outflow, with $212 million leaving the fund. Even so, IBIT’s historical cumulative net inflow stood at $60.394 billion.
Fidelity’s spot Bitcoin ETF FBTC ranked next, with a net outflow of $27.9116 million for the day. FBTC’s historical cumulative net inflow reached $10.005 billion.
As of press time, the total net asset value of spot Bitcoin ETFs was $77.823 billion. The ETF net asset ratio, defined here as the share of Bitcoin’s total market capitalization represented by ETF assets, was 6.05%. Historical cumulative net inflows for spot Bitcoin ETFs reached $51.386 billion.
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