Bitcoin spot ETFs recorded a $295 million net outflow on July 1, marking the 10th consecutive day of outflows.

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Bitcoin ETF outflows reached $295 million on July 1, marking the 10th consecutive day of withdrawals, according to SoSoValue. Grayscale’s BTC ETF recorded the largest inflow at $36.33 million, bringing total net inflows to $2.398 billion. MSBT added $29.81 million, while BlackRock’s IBIT experienced outflows of $219 million. Bitcoin news indicates the total net asset value of spot ETFs remains at $72.46 billion, or 6.01% of Bitcoin’s market cap.

ME News reports that, on July 2 (UTC+8), according to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $295 million on July 1 (Eastern Time).

The Bitcoin spot ETF with the highest single-day net inflow yesterday was the Grayscale Bitcoin Mini Trust ETF (BTC), with a net inflow of $36.33 million; the total historical net inflow for BTC now stands at $2.398 billion.

Second is the Morgan Stanley ETF MSBT, with a single-day net inflow of $29.81 million; the total historical net inflow for MSBT has reached $364 million.

The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock's IBIT, with a net outflow of $219 million; IBIT's total historical net inflow now stands at $60.034 billion.

As of the time of writing, the total net asset value of spot Bitcoin ETFs is $72.46 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin’s total market cap) of 6.01%, and cumulative net inflows reaching $50.858 billion.(Source: SoSoValue)

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