Spot Bitcoin ETFs Snap Streak, Log Massive Outflows After Record Run

First Red Day in Nearly Two Weeks as Investors Take Profits

Boom! After a scorching run of straight-up inflows, spot Bitcoin ETFs just got slammed with hundreds of millions in outflows, cracking their epic streak of fresh cash. Talk about a wild ride!

These bad boys just ended their multi-day inflow party, bleeding out around $131 million on July 21, according to SoSoValue data. That's the first red day for these funds in nearly two weeks, and it comes right after they raked in a mind-blowing $6.6 billion earlier this month. Whoa!

Ark Invest's ARKB took the biggest hit, coughing up about $77.5 million, while Grayscale's GBTC lost $36.8 million. Fidelity's FBTC shed around $12.8 million, and VanECK and Bitwise weren't far behind, logging $2.5 million and $1.9 million, respectively. Ouch!

But hold up, BlackRock's IBIT? They stayed cool as a cucumber, with no big swings either way. Meanwhile, Bitcoin (BTC) is still chilling below $120,000, with investors grabbing profits after last week's wild ride above $123,000.

The crypto king took a nosedive to an intraday low of $116,639 earlier, but bounced back like a champ to around $119,000, posting a 0.73% gain in the last 24 hours. Talk about resilience!

That 12-day inflow streak? It helped these ETFs score six straight weeks of gains, pulling in a whopping $10.5 billion during that time. Since they hit the scene, U.S. spot Bitcoin ETFs have stacked up $54.75 billion in net inflows and now hold about $152 billion worth of Bitcoin, which is 6.5% of BTC's total supply. Insane!

Ethereum ETFs Keep the Party Going

While Bitcoin's gang took a hit, Ethereum ETFs? They're still living it up, keeping their inflow streak alive. On the very day Bitcoin products bled out, these ETH-tied funds raked in around $297 million, marking their own 12-day run. Party on!

These ETH ETFs have been absolutely crushing it since the asset broke out of a multi-month funk, climbing back to levels we haven't seen in ages. ETH (ETH) recently hit the $3,800 mark, its highest since early 2024, and is now trading just over $3,705. It's like they can't be stopped!