US spot Bitcoin ETFs post $424.7M outflow in July, raise bottom doubts
US spot Bitcoin ETFs have turned negative again after a brief rebound. On Monday, the funds recorded net outflows of $424.66 million, the largest single-day withdrawal in July so far, according to SoSoValue data. This reverses last week’s $197.4 million inflows and puts US spot Bitcoin ETFs back into a selling cycle.
So far this year, US spot Bitcoin ETFs have logged about $5.8 billion in net outflows. June was the worst month on record, with $4.51 billion pulled from the products. Despite the outflows, the ETFs still hold large assets, with $74.79 billion in total net assets and $50.85 billion in cumulative net inflows as of Monday.
CryptoQuant analyst Sunny Mom flagged mixed signals for a potential bottom: US spot Bitcoin ETFs have seen nearly $1 billion in net outflows since Oct. 11, 2025, while “whale” addresses continue to grow. Whale accumulation could help limit further downside, but it has not yet confirmed a broad, sustained market bottom.
Bitcoin was trading around $62,589 at the time of writing, about 30% below the start of the year (CoinGecko).
Bearish
US spot Bitcoin ETFs turning negative again is a direct, short-term bearish input for BTC. A $424.7M net outflow is the largest July withdrawal so far and suggests spot demand is weakening, which can pressure spot liquidity and risk sentiment. Year-to-date outflows (about $5.8B) reinforce that June’s record $4.51B selloff has not been fully absorbed.
However, the impact is not purely downside: CryptoQuant points to continued whale address growth, which may cushion sell pressure and reduce the probability of a sharp, sustained breakdown. Still, because whales have not confirmed a broad, sustained bottom, traders should expect volatility and potential further tests of support before any confirmed reversal.
In trading terms, this news increases the odds of near-term weakness or range-bound price action until US spot Bitcoin ETFs show renewed inflow momentum.