US spot Bitcoin ETFs recorded 225 million dollars in net outflows on July 23, ending a seven-session inflow streak. BlackRock’s IBIT accounted for nearly 90 percent of the reversal with a 202.5 million dollar outflow.
The outflows followed seven consecutive days of inflows totaling nearly 1 billion dollars between July 14 and July 22. The July 23 reversal erased about 22.5 percent of those gains, leaving the eight-session period with a net inflow of 774.2 million dollars.
Bitcoin prices declined alongside the ETF flows, briefly dipping under 65,000 dollars during the session. The CME CF Bitcoin Reference Rate benchmark closed at 64,768 dollars.
Five other funds recorded combined outflows of 27.6 million dollars, while Grayscale’s GBTC attracted 5 million dollars. The broader eight-session total remains positive despite the single-day reversal.
Further sessions will determine whether the July 23 outflows represent a temporary reset or a shift in ETF demand.
