US spot bitcoin ETFs lost $265.4 million on July 31 as Blackrock's IBIT led redemptions, even as ether ETFs posted modest inflows.

BlackRock's IBIT shed $122.7M as US spot Bitcoin ETFs posted $265M in outflows on July 31, extending a third straight quarter of net withdrawals.

US spot bitcoin ETFs lost $265.4 million on July 31 as Blackrock's IBIT led redemptions, even as ether ETFs posted modest inflows.