Bitcoin ETFs Shed $225M, Ending Seven-Day Inflow Streak
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- U.S. spot Bitcoin ETFs posted $225.2 million in net outflows on July 23, ending a seven-day streak that had pulled in nearly $1 billion, according to SoSoValue data.
- BlackRock's IBIT accounted for the bulk of the exit at $202.5 million, while Morgan Stanley's MSBT was the only Bitcoin fund to add money, taking in $5 million.
- Spot Ethereum ETFs moved in the opposite direction, adding $26.3 million to stretch their own inflow streak to five straight days — a split the article frames as rotation within crypto, not an exit.
- Bitcoin briefly slipped under $65,000 to touch $64,600, forming a 'death cross' chart pattern, as the ongoing U.S.-Iran military exchange — now in its fifth month — kept oil prices elevated and dragged U.S. stocks lower.
- The Crypto Fear & Greed Index dropped three points to 28, marking the most panic-steered sentiment reading of the month.
- The seven-day bullish streak followed eight brutal weeks that drained more than $8.2 billion from the same funds, with CoinShares' James Butterfill calling that prior bleed the 'largest run of outflows we've ever seen.'
- Bitcoin's next major test arrives at the Federal Reserve's July 28-29 meeting, where the rate decision could shape the near-term macro picture.
Why it matters: BlackRock's IBIT absorbed $202.5 million of the day's $225.2 million in Bitcoin ETF outflows, showing how a single fund's positioning can swing the entire category's daily signal. With the Fed's July 28-29 meeting days away and the U.S.-Iran conflict in its fifth month keeping oil prices elevated, ETF flows face two competing tests within a single week.
