Bitcoin spot ETFs recorded a $223 million net outflow on July 1, marking the ninth consecutive day of outflows.

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Bitcoin news reports that Bitcoin spot ETFs experienced a $223 million net outflow on July 1, marking the ninth consecutive day of withdrawals. BlackRock’s IBIT led the outflows with $212 million, while Fidelity’s FBTC saw a loss of $10.196 million. Total assets under management now stand at $70.95 billion, representing a 6.02% ratio to Bitcoin’s market cap. Bitcoin analysis indicates continued pressure on ETF inflows as the market remains in a consolidation phase.

Odaily Planet Daily reports, according to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $223 million yesterday (Eastern Time, June 30).

The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock’s IBIT, with a net outflow of $212 million; IBIT’s total historical net inflow now stands at $60.254 billion.

Second is Fidelity's ETF FBTC, with a single-day net outflow of $10.1963 million; FBTC's total historical net inflow now stands at $10.129 billion.

As of the time of publication, the total net asset value of spot Bitcoin ETFs is $70.95 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin’s total market cap) of 6.02%, and cumulative net inflows since inception reaching $51.152 billion.

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