Bitcoin ETFs Take a Tumble: $130m Outflows End Winning Streak 😂

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Well, would you look at that! After a mighty fine run of inflows that had everyone singing the praises of Bitcoin ETFs, it seems the good ship has hit a bit of a snag. According to the folks at SoSoValue, these funds just logged about $131 million in net outflows on July 21. It’s like they decided to take a little vacation from all the attention and fresh capital.

Now, let’s break down the players in this little drama. Ark Invest’s ARKB led the charge with a hefty $77.5 million outflow, which is enough to buy a small island or two. Not to be left behind, Grayscale’s GBTC chipped in with $36.8 million, and Fidelity’s FBTC managed to lose around $12.8 million. VanECK and Bitwise, those plucky underdogs, also saw some red, with $2.5 million and $1.9 million outflows, respectively.

But here’s where it gets interesting: BlackRock’s IBIT, the cool kid on the block, managed to stay flat—no significant outflow or inflow. It’s like they’re just chilling, sipping lemonade on the porch, watching the world go by. Meanwhile, Bitcoin (BTC) itself is hovering just below $120,000, which is a far cry from its recent high of $123,000. Investors seem to be cashing in their chips after that big win last week.

The crypto king did dip to an intraday low of $116,639, but it’s bounced back to around $119,000, showing a 0.73% gain in the past 24 hours. It’s like a rollercoaster ride, but without the fun music.

The 12-day inflow streak was quite the party, helping the ETFs notch six consecutive weeks of gains and bringing in a whopping $10.5 billion during that period. Since their launch, U.S. spot Bitcoin ETFs have amassed $54.75 billion in net inflows and now collectively hold about $152 billion worth of Bitcoin, which is a staggering 6.5% of BTC’s total supply. That’s more than a few pennies in the piggy bank!

But wait, there’s more! While Bitcoin ETFs were taking a breather, Ethereum ETFs kept the party going, pulling in about $297 million on the same day. These funds have been on a 12-day winning streak, and ETH itself has been on a tear, breaking out of a multi-month downtrend and climbing back to levels not seen in months. ETH recently touched the $3,800 mark, its highest price since early 2024, and now trades slightly over $3,705 at the time of writing. It’s like the underdog story we all love to cheer for.

So, there you have it. The crypto world is a bit of a wild west, with its ups and downs, but one thing’s for sure: it never fails to keep us entertained. 🎉

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2025-07-22 17:05