Spot Bitcoin ETFs log $95.3 million net outflow on July 9 as Fidelity's FBTC posts $632.5 million redemption
Spot Bitcoin exchange-traded funds (ETFs) saw a combined net outflow of $95.3017 million on July 9, according to SoSoValue data cited by Huoxing Finance.
VanEck's HODL led the day's inflows, adding $5.3617 million and bringing its cumulative net inflow to $1.133 billion. Morgan Stanley's MSBT followed with a $2.1737 million net inflow, lifting its cumulative total to $377 million.
On the outflow side, Fidelity's FBTC recorded the largest single-day net redemption at $632.516 million. Despite the pullback, FBTC's cumulative net inflow stands at $10.151 billion.
As of publication, spot Bitcoin ETFs held $76.506 billion in total net asset value. Their net asset ratio—market value as a share of Bitcoin's total market capitalization—was 6.03%, while cumulative net inflows since launch reached $51.186 billion.