Huoxing Finance reports, according to SoSoValue data, the total net outflow of spot Bitcoin ETFs amounted to $49.75 million. The spot Bitcoin ETF with the highest single-day net inflow was Grayscale Bitcoin Mini Trust ETF (BTC), with a net inflow of $5.08 million; BTC’s cumulative historical net inflow now stands at $2.654 billion. The spot Bitcoin ETF with the highest single-day net outflow was BlackRock’s ETF IBIT, with a net outflow of $548.34 million; IBIT’s cumulative historical net inflow now totals $60.331 billion. As of the time of reporting, the total net asset value of spot Bitcoin ETFs is $77.234 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin’s total market cap) at 6.02%, and cumulative historical net inflows reaching $51.325 billion.
Bitcoin spot ETFs recorded a $49.75 million net outflow on July 29, marking the fourth consecutive day of outflows.
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Summary
Bitcoin news reports that Bitcoin spot ETFs recorded a $49.75 million net outflow on July 29, marking the fourth consecutive day of outflows. Grayscale’s Bitcoin Mini Trust ETF (BTC) saw a $5.08 million net inflow, bringing its cumulative total to $2.65 billion. BlackRock’s IBIT experienced the largest outflow at $54.83 million, against a historical inflow of $60.33 billion. Total net assets for Bitcoin spot ETFs now stand at $77.23 billion, with a net asset ratio of 6.02% and cumulative inflows of $51.33 billion. Bitcoin analysis suggests that continued market volatility remains a key factor.
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