SoSoValue data showed net withdrawals from U.S. spot Bitcoin ETFs, a sign of selling pressure in a market where fund flows are closely watched for demand trends.
U.S. spot Bitcoin ETFs posted net outflows worth 41.7 billion yen on July 31, based on SoSoValue data. Spot Bitcoin ETFs hold Bitcoin directly, making their daily creations and redemptions a closely watched gauge of investor demand. A one-day outflow of this size points to capital leaving the products and can signal weaker near-term appetite for Bitcoin exposure through regulated fund vehicles.