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Spot Bitcoin ETFs Post $49.75M Net Outflow on July 29, Extending Outflow Streak to Four Days

AI Market Summary
US spot Bitcoin ETFs saw a $49.75m net outflow on July 29, extending the outflow streak to four days. A large $548.34m redemption from BlackRock's IBIT dominated flows despite a small $5.08m inflow into Grayscale's Bitcoin Mini Trust. With ETFs at $77.234bn AUM (~6.02% of BTC market cap), sustained outflows can weaken near-term demand conditions and liquidity support.
Impact level
● High
Affected assets
BTC/USDT+0.89%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Spot Bitcoin exchange-traded funds (ETFs) saw a combined net outflow of $49.75 million on July 29, according to SoSoValue data cited by Huoxing Finance, marking the fourth straight session of redemptions. Grayscale Bitcoin Mini Trust ETF (BTC) led daily inflows, adding $5.08 million. Its cumulative historical net inflow rose to $2.654 billion. BlackRock's IBIT recorded the largest singleday withdrawal, with $548.34 million in net outflows. Despite the pullback, IBIT's cumulative historical net inflow stands at $60.331 billion. As of publication, the total net asset value of spot Bitcoin ETFs was $77.234 billion. Their net asset ratio—ETF market value as a share of Bitcoin's total market capitalization—was 6.02%. Cumulative historical net inflows across products reached $51.325 billion.
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BTC
BTC+0.96%
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