Bitcoin spot ETFs recorded a $240 million net outflow on July 24, with BlackRock’s IBIT leading the way with a $212 million outflow.

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Bitcoin news reports that on July 24 (ET), Bitcoin spot ETFs recorded a total net outflow of $240 million. BlackRock’s IBIT led with a $212 million net outflow, though it still holds a cumulative net inflow of $60.394 billion. Fidelity’s FBTC followed with a $27.91 million net outflow, with a cumulative net inflow of $10.005 billion. As of the report, Bitcoin spot ETFs had a total net asset value of $77.823 billion, with a net asset ratio of 6.05% of Bitcoin’s total market cap, and a historical cumulative net inflow of $51.386 billion. Bitcoin analysis suggests ongoing volatility in ETF flows.

Odaily Planet Daily reports, according to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $240 million yesterday (Eastern Time, July 24).

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 $60.394 billion.

Second is Fidelity's ETF FBTC, with a single-day net outflow of $27.91 million; FBTC's total historical net inflow now stands at $10.005 billion.

As of the time of publication, the total net asset value of spot Bitcoin ETFs is $77.823 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin’s total market cap) of 6.05%, and cumulative net inflows since inception reaching $51.386 billion.

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