Today in Crypto: Blackrock, Fidelity Lead $265M Bitcoin ETF Outflows as Ether Gains

Latest reporting indicates that spot bitcoin ETFs posted $265.4 million in net outflows on July 31, led by Blackrock’s IBIT, while spot ether ETFs pulled in roughly $9 million the same day.

US spot bitcoin ETFs recorded $265.4 million in total net outflows on July 31.

Blackrock’s iShares Bitcoin Trust (IBIT) led the retreat with $122.7 million in redemptions, followed by Fidelity’s FBTC at $54.8 million (with the two funds accounting for roughly two-thirds of the day’s total outflow).

The reversal stands out because it followed a strong inflow day.

On July 30, the same funds had attracted $233.1 million in net inflows, with IBIT alone pulling in $183.4 million, or about 79% of that total.

Bitwise’s BITB added $20.7 million, Fidelity’s FBTC brought in $15.5 million, and Morgan Stanley, Vaneck, Grayscale, and Ark 21shares products rounded out gains, with all seven tracked funds posting inflows that day, according to Bitcoin.com News.

IBIT’s net assets fell from $47.67 billion on July 30 to $46.52 billion on July 31, even though the fund still holds an estimated 739,066 BTC.

The swings once again show just how sensitive these products remain, even for the largest funds in the category.