Bitcoin Spot ETFs Record $61.5M Net Outflow in Latest Week

HuoXing Finance reports, according to SoSoValue data, Bitcoin spot ETFs recorded a net outflow of $61.53 million during last week’s trading days (Eastern Time, July 27 to July 31). The Bitcoin spot ETF with the largest net outflow last week was Fidelity’s FBTC, with a weekly net outflow of $851.893 million; FBTC’s cumulative net inflow to date stands at $9.92 billion. Second was Grayscale’s Bitcoin Trust (GBTC), with a weekly net outflow of $526.275 million; GBTC’s cumulative net outflow to date amounts to $27.47 billion. The Bitcoin spot ETF with the largest net inflow last week was BlackRock’s IBIT, with a weekly net inflow of $869.022 million; IBIT’s cumulative net inflow to date reaches $60.48 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $76.29 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin’s total market cap) at 6.04%, and cumulative net inflows since inception reaching $51.32 billion.