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After several days of straight inflows, the funds logged hundreds of millions in outflows, putting the first crack in their record run of fresh capital.<\/p>\n
Spot Bitcoin ETFs just ended their multi-day inflow streak, logging about $131 million in net outflows on July 21, according to SoSoValue data. This marks the first red day for the funds in nearly two weeks, coming after a record $6.6 billion in inflows earlier this month.<\/p>\n
Ark Invest\u2019s ARKB led the outflows with approximately $77.5 million, followed by Grayscale\u2019s GBTC with $36.8 million. Fidelity\u2019s FBTC shed around $12.8 million, while VanECK and Bitwise logged $2.5 million and $1.9 million, respectively.<\/p>\n
BlackRock\u2019s IBIT, however, stayed flat, with no significant outflow or inflow recorded. The pullback comes as Bitcoin (BTC) continues to hover below $120,000, with investors appearing to take profits after last week\u2019s push above $123,000.<\/p>\n
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The crypto king briefly dropped to an intraday low of $116,639 earlier, but has since recovered to around $119,000, posting a 0.73% gain in the past 24 hours.<\/p>\n
The 12-day inflow streak helped the ETFs notch six consecutive weeks of gains, bringing in $10.5 billion during that period. Since their launch, U.S. spot Bitcoin ETFs have amassed $54.75 billion in net inflows and now collectively hold about $152 billion worth of Bitcoin, representing 6.5% of BTC\u2019s total supply.<\/p>\n