U.S. spot bitcoin exchange-traded funds bled $265.4 million in net outflows on July 31, with Blackrock's iShares Bitcoin Trust (IBIT) leading the selloff. On the same day, spot ether ETFs pulled in roughly $9 million — a modest but notable divergence.
Blackrock's IBIT tops outflows
IBIT saw the largest net outflows among the spot bitcoin ETFs on July 31, though the exact figure wasn't disclosed. The broader category of bitcoin funds has seen volatile flows this year, and this latest exodus marks one of the bigger single-day redemptions in recent weeks.
Ether ETFs see modest inflows
In contrast, spot ether ETFs recorded net inflows of about $9 million on July 31. The figure is small compared to the bitcoin outflows but marks a positive day for the newer fund category. Ether funds have been struggling to gain traction since their launch, so any inflow is a welcome sign for proponents.
Diverging investor appetite
The split between bitcoin and ether flows suggests investors are treating the two assets differently. Bitcoin funds have been under pressure, while ether funds are still finding their footing. Whether this divergence persists will depend on broader market sentiment and regulatory developments.
The next trading session on August 1 will show whether the trend continues or reverses. Market participants will be watching closely for any shift in momentum.
