After a few days of straight inflows, funds recorded hundreds of millions of outflows, placing the first crack in the fresh capital’s record run.
According to SoSovalue data, the Spot Bitcoin ETF ended its inflow streak for several days, recording a net outflow of approximately $131 million on July 21st. This marked the first red day of funding in nearly two weeks, marking a record $6.6 billion inflow earlier this month.
Ark Invest’s ARKB led the outflow with around $77.5 million, with Grayscale’s GBTC winning $36.8 million. Fidelity’s FBTC flowed around $12.8 million, while Vaneck and Bitwise recorded $2.5 million and $1.9 million, respectively.
However, BlackRock’s IBIT remained flat due to no significant outflow or influx recorded. With Bitcoin (BTC) continuing to fall below $120,000, it appears investors are making profits after exceeding $123,000 last week, which leads to pullbacks.
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Crypto King previously briefly dropped to an intraday low of $116,639, but has since recovered to around $119,000, a 0.73% increase in the last 24 hours.
The 12-day inflow streak has earned ETFS for six consecutive weeks, bringing $10.5 billion over that period. The US Spot Bitcoin ETF has accumulated a net inflow of $54.755 billion and currently collectively holds approximately $152 billion worth of Bitcoin, accounting for 6.5% of the total BTC supply.
Meanwhile, Ethereum ETF, which has been gathering together with his Bitcoin counterpart, continued their influx winning streak. The same day Bitcoin products saw the leak, Eslin-bound funds drew around $297 million, marking the 12-day run.
ETH ETFs have thrived particularly since assets broke out from a downtrend in recent months, returning to levels not seen in months. ETH (ETH) recently touched on the highest priced $3,800 mark since early 2024, and is currently trading just over $3,705 at the time of writing.
read more: Ethereum whales accumulation is strong despite price hikes
