Bitcoin (BTC) is down 3.6% over the past week, falling from around $119,800 to the $114,500 range at the time of writing. This weakening price action is also reflected in spot Bitcoin exchange-traded funds (ETFs), most notably in BlackRock’s IBIT Bitcoin ETF, which saw over $2.6 billion in outflows on August 1. IBIT Bitcoin ETF Sees Massive Outflows According to a recent CryptoQuant Quicktake by contributor Amr Taha, BlackRock’s IBIT ETF recorded more than $2.6 billion in outflows on August 1 – the highest figure in the past two months across all listed Bitcoin ETFs. Taha highlighted that the sharp reversal in institutional demand for Bitcoin ETFs comes after several weeks of positive inflows, and indicates a growing sense of caution among ETF investors. Data from SoSoValue confirms the trend. Related Reading: Bitcoin Sees Rising New Investor Dominance, Old Holders Yet To Capitulate For the week ending August 1, US-based spot Bitcoin ETFs recorded a net outflow of $643 million. This marked the end of a seven-week streak of positive inflows, which had totaled more than $10 billion. Another important point is that the $2.6 billion outflow from BlackRock’s IBIT ETF was not mirrored by other ETFs. Analyst Taha also identified a correlation between IBIT outflows and Binance-origin USDT transfers on the Tron network. In his analysis, the CryptoQuant contributor noted that alongside the IBIT outflows, USDT transfers on Tron from Binance fell from approximately $2 billion to $1.3 billion – a sharp 35% decline. Taha added: The timing strongly suggests a link between the ETF-driven selling pressure and the accelerated pace of stablecoin withdrawal via Tron, a blockchain renowned for fast and cost-efficient transactions. Tron network’s low fees and speed make it a preferred blockchain for both retail and institutional stablecoin transfers. Therefore, a drop in USDT transfers from Binance – occurring in tandem with IBIT outflows – suggests that institutional interest in BTC may be temporarily cooling off. Recent on-chain data shows Binance continues to lead other exchanges such as OKX, HTX, and KuCoin in terms of Tron-based USDT transfers. As a result, Binance volume trends often serve as a reliable indicator of investor sentiment shifts. Fresh Data Presents Mixed Forecasts Beyond weakening ETF demand, new exchange data signals potential headwinds for Bitcoin in the near term. For example, Binance’s net taker volume dropped to -$160 million last week, indicating increased sell-side activity. Related Reading: Bitcoin Overheating Signals Easing – Is A Second-Half Rally Ahead? From a technical standpoint, things appear less than optimistic. Crypto analyst Josh Olszewicz recently predicted that BTC could remain range-bound until October 2025. Still, not all signs are bearish. A recent report from CoinShares estimates that Bitcoin could rise to $189,000 if it captures just 2% of global M2 money supply or 5% of gold’s market cap. At press time, BTC trades at $114,494, up 0.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Grayscale Investments has appointed four new senior executives and brought back founder Barry Silbert as board chairman.
Bitcoin-based funds led the outflows with $404 million, while Ethereum investment products continued their 15-week inflow streak.
Spot Bitcoin ETFs had their second-worst day of all time, and Ethereum funds fared similarly, though BlackRock's funds came out mostly unscathed.
Bloomberg ETF Analyst Eric Balchunas also said that OG Bitcoiners may be creating some downward pressure on the cryptocurrency's price.
The previous 19-day streak brought in $1.37 billion, while this 20-day inflow run saw nearly $5.4 billion in total inflows.
As July ends, the market data reveals a steady accumulation trend by Bitcoin investors. The Bitcoin price today is now hovering around $118,360, remains caught in a Darvas box’s consolidation phase, but on-chain metrics strongly lean bullish. This is reflected not just in its magnificent price structure, but also in wallet holders’ activity, ETF inflows, …
The combined ETFs now hold approximately 5.7 million ETH on behalf of their clients — 4.7% of ether's 120.7 million circulating supply.
The White House has released a 163-page strategy outlining its approach to cryptocurrency policy, but one major detail was left out: what the government plans to do with its Strategic Bitcoin Reserve. While the report pushes regulators like the SEC to take action even without new laws, it offers little clarity on how the U.S. …
Institutional and retail demand for Bitcoin ETFs is surging, with cumulative fund inflows topping 600,000 BTC, about 3.3% of Bitcoin’s total supply. This vertical rise in ETF holdings has closely tracked the cryptocurrency’s 160% price surge, with Bitcoin recently advancing from $46,000 to a record $119,000. Analysts point to ETF inflows as a key market …
The SEC approved in-kind creations and redemptions for spot bitcoin and ether ETFs, aligning them more closely with traditional exchange-traded funds.
Regulators in Hong Kong were open to in-kind redemptions for the city's crypto ETFs since day one.
The United States Securities and Exchange Commission (SEC) has approved the in-kind creation and redemption of crypto assets exchange-traded products (ETPs). For the past 19 months, since the first spot Bitcoin (BTC) exchange-traded fund (ETF) was approved, the creation and redemption have been limited to an in-cash basis only. Following the July 29 approval, the …
The decision allows authorized participants to create and redeem ETF shares directly in BTC or ETH, rather than having to use cash.
Ahead of the SEC's approvals for spot bitcoin ETFs over a year ago, firms were hashing out technical details over how the redemption process would work.
Bitcoin is holding steady as we approach the end of July, while Ethereum is seeing a surge in speculative interest.
Other crypto ETF applications, including the Grayscale Solana Trust and Canary Capital Litecoin ETF, were also postponed.
Spot bitcoin ETFs recorded $72 million in net inflows last week, a sharp decline from the inflows of $2.39 billion reported the week before.
On July 25, spot crypto ETFs recorded strong investor demand, with approximately 1,100 BTC and 122,200 ETH purchased across regulated funds. Bitcoin ETFs posted $130.8 million in net inflows, while Ethereum ETFs attracted an even larger $452.8 million—reflecting heightened institutional and retail interest in both assets. The continued inflows signal growing confidence and appetite for …
US spot bitcoin ETFs recorded $226.6 million in net inflows on Thursday, ending a three-day negative streak.
On July 23, BlackRock’s spot ETFs made major purchases, acquiring 1,190 Bitcoin (BTC) and 86,650 Ethereum (ETH). This move highlights strong institutional confidence in leading cryptocurrencies amid active market conditions. The increased holdings reflect growing investor demand for exposure to digital assets through reputable ETF products. BlackRock’s continued investment emphasises its influential role in driving …
Spot Ethereum exchange-traded funds in the US recorded $533.9 million in net inflows on Tuesday, according to SoSoValue.
As Bitcoin (BTC) consolidates near the $119,000 mark following a new all-time high (ATH) above $123,000 last week, several on-chain indicators are presenting a mixed picture regarding the cryptocurrency’s next major move. Bitcoin On-Chain Data Shows Mixed Outlook According to a CryptoQuant Quicktake post by contributor Chairman Lee, BTC exchange reserves have risen noticeably since late June. This sharp uptick suggests increased profit-taking activity, which could weigh on BTC in the short-term. Large holders and miners have also been ramping up their deposits since July 18. However, overall inflows to centralized exchanges remain relatively low compared to the levels observed during major market tops earlier this year. Related Reading: Bitcoin Rally Ahead? DXY Breakdown Suggests Capital Shift To Risk-On Assets Meanwhile, the Unspent Transaction Output (UTXO) count continues to decline – a trend often interpreted as a sign of long-term accumulation. Investors appear to be consolidating their coins, reducing active transactions and indicating strong conviction in Bitcoin’s long-term potential. For context, a declining UTXO count typically reflects reduced short-term selling pressure as holders move BTC into fewer wallets rather than trading them. This behavior is commonly associated with an overall bullish market outlook. Chairman Lee also pointed out that institutional and exchange-traded fund (ETF) flows remain robust. Year-to-date (YTD), nearly $50 billion has flowed into Bitcoin investment products despite temporary pauses due to profit-taking. Data from SoSoValue shows that US-listed spot BTC ETFs have recorded four consecutive months of positive inflows, with more than $18 billion added since April 2025. Similarly, total net assets held by these ETFs now exceed $151.6 billion. Can BTC Still Eye $180,000 Target? From a technical standpoint, Chairman Lee highlighted the $116,400 area as the immediate support zone. The analyst remarked: A breakdown below this level could extend the correction toward $112K–$110K. On the upside, holding above $116K keeps the structure intact for another push toward $124K–$130K. The analyst emphasized that as long as Bitcoin defends the $110,000 level, the broader bullish trend will remain intact. Moreover, if ETF and institutional inflows gain further momentum, BTC could still reach the ambitious year-end target of $180,000. Related Reading: Bitcoin Set To Soar? Analyst Sees Fresh $2 Billion Liquidity Triggering Next Leg Up That said, some cautionary signs are beginning to emerge. On-chain data indicates that long-term holders are accelerating distribution, while short-term investors are entering the market in hopes of benefitting from further upside – behavior that has historically preceded local tops. On the contrary, the Bitcoin short-term holder Market Value to Realized Value (MVRV) suggests that there may still be room for further growth in BTC’s price. At press time, BTC trades at $119,241, up 0.9% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The spot bitcoin funds on Monday saw outflows of $131 million as speculative interest turned in a big way to altcoins.
21Shares, Fidelity, Franklin Templeton, Galaxy, VanEck, and WisdomTree all submitted their amended proposals Tuesday morning.
Spot bitcoin ETFs saw $130 million worth of net outflows while ether ETFs extended their positive streak with $300 million.
Ark Invest's investment strategy involves letting no individual holding take up more than 10% of a fund's portfolio.
During the nine-day inflow streak, the spot bitcoin ETFs attracted around $4.4 billion worth of net inflows.
The Bitcoin price rally cooled off in the last 24 hours, with the price dropping more than 5% after reaching a new all-time high of $123,231. This pullback comes as many investors decided to lock in profits at record levels that pushed to $116,700, when writing. While the market still appears structurally bullish, recent data …
If pro-crypto legislation passes through Congress over the coming days, "crypto will never be the same" again, Hougan said.