The net inflow of the US Bitcoin ETF ended on the 7th, and the outflow of 225 million yuan in a single day attracted attention

According to Woofun AI, the US Bitcoin Spot ETF experienced a net outflow of US$225.1 million on July 23. This capital reversal directly ended the previous seven-day net inflow trend, marking a key shift in market trends.

The withdrawal of funds showed comprehensive characteristics, and the products of major issuers were affected. BlackRock's iShares Bitcoin Trust Fund (IBIT.US) became the main outflow force, and the amount of funds withdrawn in a single day reached US$202.5 million. Other mainstream funds were not spared: Bitwise's Bitcoin ETF (BITB.US) had an outflow of $7 million, Fidelity's Wise Origin Bitcoin Fund (FBTC.US) had a net outflow of $5.6 million, and Franklin Templeton's EZBC Fund (EZBC.US) also recorded an outflow of $5.6 million.

In addition, Ark Investments' ARKB Fund (ARKB.US) had an outflow of 4.3 million US dollars, while WisdomTree's BTCW Fund (BTCW.US) withdrew 5.1 million dollars. According to data compiled by Woofun AI, with the exception of Morgan Stanley, almost all leading products showed net sales.

In the context of widespread outflows, Morgan Stanley's MSBT fund was the only exception, recording a net inflow of $5 million, but this weak buying power could not offset the overall market selling pressure. Since the US Securities and Exchange Commission approved the Bitcoin Spot ETF in January 2024, these products have become a core channel for traditional investors to gain exposure to Bitcoin risk, and their capital flow is viewed as a weather vane for measuring institutional demand and market sentiment. As an industry leader, BlackRock's IBIT fund usually dominates daily capital flows. The current large outflow of more than 200 million US dollars suggests that large capital managers may be temporarily reducing risk tolerance or rebalancing profit settlements and positions.

Although the seven-day net inflow prior to July 23 injected positive momentum into the market, this net outflow of US$225.1 million constituted a major disruption. Given the inherent volatility of crypto-related investment products, market participants need to be wary of short-term noise and monitor capital flow trends over a longer period of time to determine whether this is just a single day case or the beginning of a broader trend.