Key facts
- US spot Bitcoin ETFs experienced $424.66 million in outflows on Monday.
- This represents the largest single-day outflow for the ETFs in July.
- The outflows negate the positive inflows recorded in the previous week.
- June saw record outflows totaling $4.51 billion from these funds.
- Year-to-date outflows for US spot Bitcoin ETFs have reached approximately $5.8 billion.
US-listed spot Bitcoin exchange-traded funds (ETFs) experienced significant outflows on Monday, with $424.66 million withdrawn, marking the largest single-day outflow in July. This reversal follows a brief period of positive inflows last week, which had temporarily halted an eight-week streak of withdrawals and raised hopes for recovering institutional demand.
The renewed selling pressure adds to the fragility of ETF demand, particularly after June recorded the largest monthly net outflow in history, totaling $4.51 billion. Year-to-date, US spot Bitcoin ETFs have seen approximately $5.8 billion in net outflows.
Despite the ongoing selling, these ETFs continue to hold substantial investor assets, with total net assets at $74.79 billion and cumulative net inflows at $50.85 billion. The failure to sustain inflows contributes to market uncertainty, with analysts noting mixed signals such as significant ETF outflows alongside growing numbers of Bitcoin whales. Bitcoin was trading around $62,589, approximately 30% below its year-to-date high.