Bitcoin spot ETFs log $84.86M net outflow on July 8; Grayscale's GBTC tops redemptions with $63.69M
AI Market Summary
Bitcoin spot ETFs saw a net outflow of $84.86M on July 8, driven mainly by GBTC's $63.69M redemption despite offsetting inflows into Grayscale's Bitcoin Mini Trust. The flow mix indicates ongoing fee- and vehicle-rotation rather than a uniform risk-off signal, but net outflows can tighten marginal demand. Spot ETF AUM remains sizable at $75.34B, underscoring continued institutional relevance.
Impact level
● Medium
Affected assets
BTC/USDT+0.29%
AI Insight · BTC/USDTAI Insight
● Neutral
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ME News reported on July 9 (UTC+8) that SoSoValue data showed U.S. spot Bitcoin ETFs posted a combined net outflow of $84.86 million on July 8 (Eastern Time).
Grayscale Bitcoin Mini Trust ETF (BTC) led daily inflows, taking in $52.83 million, bringing its cumulative net inflow to $2.493 billion. Grayscale's GBTC saw the largest daily outflow at $63.6893 million, with cumulative net outflows widening to $27.279 billion.
As of publication, spot Bitcoin ETFs held total net assets of $75.339 billion. The ETF net asset ratio—market capitalization as a share of Bitcoin's total market cap—stood at 6.05%, while cumulative net inflows reached $51.281 billion. (Source: SoSoValue)
