Overview
- U.S. spot Bitcoin and Ethereum ETFs recorded about $310 million in net outflows in a single session on July 24, reversing days of steady inflows.
- BlackRock’s iShares Bitcoin Trust (IBIT) drove most of the move with roughly $202–$212 million of the Bitcoin redemptions, showing how one issuer can dominate sector flow totals.
- The outflows followed a seven-session Bitcoin ETF inflow streak that had added roughly $999 million between July 14 and July 22 and a five-day ETH inflow run that also reversed.
- Prices reacted to the withdrawals as Bitcoin slipped below $64,000 and market participants cited higher Treasury yields, weak stablecoin transfers to exchanges, equity and tech selling, and U.S.-Iran tensions as added selling pressure.
- Flow totals vary by tracker and settlement timing so single-day figures are directional; the key watch is whether follow-up sessions show sustained inflows or continued redemptions that would test price support and institutional appetite.