Bitcoin spot ETF recorded a total net outflow of $265 million yesterday, with BlackRock's IBIT leading at $123 million in net outflows

Odaily Planet Daily News According to SoSoValue data, yesterday (July 31, Eastern Time), Bitcoin spot ETFs saw a total net outflow of $265 million.

The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF IBIT, with a net outflow of $123 million. To date, IBIT's historical total net inflow stands at $60.481 billion.

The next was Fidelity's ETF FBTC, with a single-day net outflow of $54.781 million. To date, FBTC's historical total net inflow has reached $9.919 billion.

As of the time of writing, the total net asset value of Bitcoin spot ETFs is $76.294 billion, with the ETF net asset ratio (market cap as a share of Bitcoin's total market cap) at 6.04%, and historical cumulative net inflows have reached $51.325 billion.