Bitcoin ETFs extend outflow streak as BTC slips under $65K
Bitcoin ETFs extend outflow losses for a fourth straight session, with US spot funds seeing about $526 million withdrawn after Bitcoin failed to hold $65,000. The latest day alone accounted for roughly $49.8 million in net outflows as BTC briefly slid toward $63,000.
US-listed spot Bitcoin exchange-traded funds kept bleeding capital as selling pressure returned, according to Cointelegraph reporting based on SoSoValue data. The stretch marks a sharp turn after a seven-day inflow run that had brought in nearly $1 billion.
Key Takeaways
- US spot Bitcoin ETFs logged four straight outflow sessions totaling about $526 million.
- The heaviest withdrawals hit on July 23 and July 24, at roughly $225 million and $240 million.
- Bitcoin failed to hold $65,000 and briefly fell as low as $63,100 on Thursday.
- Cumulative net inflows still stood at $51.3 billion, with $77.2 billion in net assets as of July 28.
- CryptoQuant analyst Darkfost says a lasting bullish turn needs renewed demand and healthier conditions.
Why do Bitcoin ETFs extend outflow pressure now?
The fresh redemptions arrived after Bitcoin lost its grip above $65,000 amid renewed selling pressure. That reversal followed a strong week of ETF inflows, underscoring how quickly institutional flows can flip when price support fails.
For readers tracking markets on BlasterPost Fintech & Crypto Alerts, the story is less about a single down day and more about a multi-session drain. Four consecutive outflow sessions point to sustained caution among ETF investors.
How large were the Bitcoin ETF withdrawals?
Across the four sessions, net outflows reached about $526 million. July 24 led with roughly $240 million in withdrawals, while July 23 saw about $225 million leave the funds, SoSoValue figures show.
Even after that streak, the products still hold a large footprint: cumulative net inflows remained near $51.3 billion, and total net assets were about $77.2 billion as of July 28. The recent drain is meaningful for near-term sentiment but has not erased the broader post-launch accumulation.
What does Bitcoin's slide below $65K signal for flows?
At the time of Cointelegraph's report, Bitcoin traded around $64,371 and was still up about 2.7% over the prior seven days, per CoinGecko. Thursday's dip to roughly $63,100 was the lowest print since July 17, highlighting how fragile the $65,000 area had become.
CryptoQuant community analyst Darkfost argued that a return to a bullish trend would require renewed demand and improving market conditions. He pointed to weaker spot activity, noting Binance July spot volume near $35 billion versus about $246 billion in November 2024—a steep drop from late-2024 levels on major exchanges.
Until demand returns and Bitcoin can reclaim levels above $65,000, US spot ETF flows may stay choppy. The nearly $1 billion inflow streak that preceded this four-day pullback shows how quickly capital can rotate when conditions improve.