BlackRock Breaks 7-Day Winning Streak: IBIT Drives $225 Million Bitcoin ETF Reversal

US spot Bitcoin ETFs faced a sharp reversal on July 23, recording $225 million in net outflows and snapping a seven-session inflow streak. The massive shift was almost entirely driven by BlackRock’s iShares Bitcoin Trust (IBIT), which saw significant redemptions from investors.
Accounting for nearly 90% of the total sector outflows, the $202 million exit from IBIT underscores a sudden pivot in institutional liquidity. While five other funds also saw minor outflows, the sheer scale of BlackRock's reversal dominated the market narrative, halting the recent momentum in the Bitcoin ETF landscape.
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