Bitcoin spot ETFs see July 8 outflow after three-day inflow rebound
U.S. spot Bitcoin ETFs swung to an roughly $84 million net outflow on July 8 after three straight inflow days totaling about $509 million to $510 million, with BlackRock’s IBIT leading the latest withdrawals.
BTC
Fact Check
All components of the claim are corroborated by multiple independent sources. The two cryptobriefing articles establish the eight-week/$8.2B Bitcoin ETF outflow streak, the July 2 inflow that broke it, the July 7 third-consecutive inflow day ($21.435M), and Ethereum's fourth-session inflow streak ($26.925M). PANews (citing SoSoValue) independently confirms the exact July 7 Bitcoin figure and the three-day streak. Bloomingbit (citing The Block) independently confirms the record eight-week outflow streak and the July 2 inflow that broke it. The precise numeric agreement across independent trackers (SoSoValue, CoinGlass, The Block) strongly supports the claim.
Summary
U.S. spot Bitcoin ETFs posted an about $84 million to $84.9 million net outflow on July 8, according to fund-flow data cited from Farside, reversing a three-day inflow streak that had brought in roughly $509 million to $510 million. The move interrupted a brief improvement in sentiment after an extended period of weekly outflows, and BlackRock’s IBIT led the July 8 withdrawals after leading inflows in the prior session.
Terms & Concepts
- spot ETF: Fund that directly holds the underlying asset rather than derivatives.
- net inflow: A period in which money entering a fund exceeds money leaving it.
- net outflow: More money left a fund than entered it over a period.