Bitcoin Spot ETFs See $115M Outflow, End Five-Day Inflows
Bitcoin spot ETFs recorded a net outflow of about $115M on July 31, ending a five-day inflow streak. ARK Invest’s ARKB led withdrawals with $89.9M, while Fidelity’s FBTC also saw heavy outflows. On the inflow side, BlackRock’s IBIT attracted $18.6M and Franklin’s EZBC added $6.8M. Total AUM for Bitcoin spot ETF offerings now stands at $152B, with cumulative net inflows reaching $55B since launch. This reversal reflects profit-taking and macro uncertainty, underscoring volatility in institutional demand. Traders should track ETF net flows closely as indicators of liquidity and potential BTC price swings. Key factors to watch include macroeconomic trends, regulatory developments and new product launches. Short-term dips may offer buying opportunities under a long-term Bitcoin thesis.
Neutral
The $115M outflow signals profit-taking and macro uncertainty, creating short-term downward pressure on BTC prices. However, relative to $152B in AUM and a strong inflow trend, the reversal is minor. Institutional demand remains robust, and continued ETF innovation and macro factors will guide future flows. Traders may view dips as buying opportunities, keeping the overall market impact neutral.