TLDR
- US spot Bitcoin ETFs saw $225.2 million in net redemptions on Thursday, breaking a seven-session winning streak.
- The previous seven trading days brought approximately $1 billion in net capital to these investment vehicles.
- Bitcoin ETF flows for the week remained in positive territory at roughly $274 million through Thursday’s close.
- Bitcoin’s price fell to $64,600 during the session before bouncing back above $65,000.
- The Crypto Fear & Greed Index declined three points to settle at 28, staying within the “fear” territory.
American-listed spot Bitcoin exchange-traded funds (ETFs) broke their seven-day positive momentum on Thursday, registering $225.2 million in net redemptions, data from SoSoValue revealed. This development represented the first negative trading session since July 13, bringing an end to a run that delivered close to $1 billion in fresh capital. The weekly performance through Thursday still showed approximately $274 million in positive flows, indicating sustained investor interest despite the single-day reversal.
Thursday Marks First Negative Session in Over a Week
According to recent SoSoValue figures, spot Bitcoin ETFs experienced $225.2 million in net withdrawals on July 24. This development halted seven consecutive days of capital inflows, representing the first time redemptions exceeded contributions in more than a week.
Throughout the preceding seven trading days, these investment products collected close to $1 billion in fresh capital. A particularly strong showing occurred on July 21, when approximately $226.9 million entered the funds. While Thursday’s session disrupted this pattern, the five-day weekly tally stayed positive at around $274 million in net contributions.
Bitcoin’s price also faced pressure during Thursday’s session. Data from CoinGecko indicated the digital currency touched a low of $64,600 before rallying to approximately $65,403 by press time.
This price movement occurred alongside US equity markets experiencing downward pressure amid escalating geopolitical concerns between the United States and Iran. Traders observed both conventional financial instruments and cryptocurrency markets as participants pulled back from risk-oriented positions throughout the trading day.
Fear Sentiment Deepens Across Crypto Markets
Investor confidence declined further during the period. Information from Alternative.me revealed that the Crypto Fear & Greed Index dropped 3 points to reach 28 on Friday, maintaining its position within the “fear” classification.
Earlier this week, XS.com Head of Business Development Simon-Peter Massabni commented, “Bitcoin would need to break and hold above the $65,000–$65,500 range to strengthen the case for a sustained uptrend.” He added that recent ETF inflows suggested declining selling pressure rather than confirming renewed widespread institutional appetite.
Meanwhile, US-listed spot Ether ETFs maintained their positive trajectory. SoSoValue data showed these funds gathered $26.3 million in net contributions on Thursday, marking five straight trading sessions of inflows.
The contrasting movement between the two asset classes demonstrated that market participants maintained their commitment to Ether products while pulling capital from Bitcoin ETF holdings.
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