A seven-session run of net inflows into US spot Bitcoin ETFs came to an abrupt halt on July 23, when the sector logged $225 million in net redemptions. BlackRock's iShares Bitcoin Trust drove the reversal, posting a $202 million net outflow that represented roughly 90% of the day's total withdrawals. Five other funds accounted for the remaining combined outflows. The single-day reversal marks a notable shift after a stretch of consistent buying, with IBIT—typically a leading source of ETF demand—dominating the pullback. The concentration of redemptions in a single product highlights how heavily the sector's daily flow figures depend on BlackRock's fund. Bitcoin ETF flows are closely watched as a gauge of institutional appetite, and the sudden outflow may signal short-term profit-taking or repositioning among investors following the extended inflow streak.
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