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U.S. Bitcoin ETFs see $475 million in outflows after seven-day inflow streak

U.S. Bitcoin ETFs see $475 million in outflows after seven-day inflow streak

U.S. spot-Bitcoin ETFs extended their run of redemptions to four straight trading sessions, with BlackRock’s IBIT the only fund to post outflows in the latest session.

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Fact Check
The Bitcoin Magazine article confirms over $475 million in ETF outflows ending a multi-day inflow streak, with IBIT handling most outflows. The bloomingbit and cryptonews.net reports, both traceable to primary Farside Investors flow data, confirm the outflows extended to a fourth straight session on July 28 (net -$49.7M), with IBIT (-$54.8M) essentially the only fund posting outflows while Grayscale's Mini Trust gained $5.1M and all others were flat. The Farside Investors X post provides the exact underlying figures. The headline slightly conflates the $475M figure (Thursday/Friday redemptions ending the inflow streak) with the separate fourth-session detail, but each individual assertion is well supported by primary and credible secondary sources.
Summary

U.S. spot-Bitcoin exchange-traded funds extended their run of net redemptions to four consecutive trading sessions, posting combined daily net outflows of $49.7 million in the latest session, Farside Investors data showed. BlackRock’s IBIT accounted for the day’s only outflow, with $54.8 million leaving the fund, while Grayscale’s Bitcoin Mini Trust attracted $5.1 million in net inflows that partly offset the broader withdrawal. The latest pullback follows an earlier break in a seven-day inflow streak that brought in $999.3 million from July 14 to July 22. Spot Bitcoin ETFs, approved by the Securities and Exchange Commission in 2024 after years of rejected applications, have broadened access to the asset by offering direct Bitcoin exposure through listed fund vehicles. Even as larger products have recently seen money leave, Morgan Stanley’s Bitcoin Trust had continued to gather assets in the earlier two-day pullback, drawing nearly $9 million and building close to $400 million in assets under management since its April launch.

Terms & Concepts
  • spot-Bitcoin ETFs: Exchange-traded funds that hold Bitcoin directly to track its market price.
  • net outflows: The amount of money leaving a fund after subtracting any new inflows.
  • assets under management: The total market value of assets overseen by an investment fund.