Bitcoin ETFs see $225M outflow, ending 7-day inflow streak

A seven-day streak of net inflows into U.S. spot Bitcoin exchange-traded funds ended on Thursday, July 23, 2026, with a daily net withdrawal of $225.2 million. The reversal coincided with a broader decline in risk assets, as Bitcoin's price briefly fell below $65,000 amid renewed geopolitical tensions and a weakening U.S. equity market.

The funds had attracted nearly $1 billion over the previous seven trading sessions, marking their longest sustained period of net inflows in roughly 11 weeks. The positive run began on July 14, with daily demand accelerating in the middle of the period. The strongest inflows occurred on July 20 and July 21, attracting $226.92 million and $203.14 million, respectively, as Bitcoin climbed above $66,000. Despite the sharp daily reversal on Thursday, the funds still held approximately $274 million in net inflows for the week through that day.

Market analysts noted that the negative daily flow suggested institutional demand was cooling. BlackRock's iShares Bitcoin Trust (IBIT) remained the dominant fund during the positive stretch, attracting a significant portion of the inflows. However, its scale is partially offset by continued outflows from the...