SoSoValue: U.S. Spot Bitcoin and Ethereum ETFs See July 24 Outflows
U.S. spot Bitcoin and Ethereum ETFs both recorded net outflows
U.S. spot Bitcoin and Ethereum ETFs both recorded net outflows on July 24, according to SoSoValue tracking data, marking a same-day withdrawal signal across the two largest U.S. crypto ETF categories.
What SoSoValue Reported for U.S. Spot Bitcoin and Ethereum ETFs on July 24
The flow data came from SoSoValue, which publishes daily net flow figures for U.S.-listed spot crypto ETFs. On July 24, its dashboard showed both product groups ending the session in negative territory. For related coverage, see U.S. Spot Bitcoin ETFs See $331M in Net Outflows on May 19.
KEY POINTS
- U.S. spot Bitcoin ETFs posted net outflows on July 24.
- U.S. spot Ethereum ETFs also posted net outflows the same day.
- Both readings are sourced to SoSoValue’s daily ETF flow dashboard.
For the Bitcoin side, the negative reading appears on SoSoValue’s U.S. spot Bitcoin ETF page, which aggregates daily creations and redemptions across the listed funds. For related coverage, see U.S. Spot Bitcoin ETFs Add $90.44M, Ether ETFs See $18.43M Inflows.
The Ethereum funds showed the same direction on SoSoValue’s U.S. spot Ethereum ETF page, indicating money left the ether products alongside the Bitcoin ones. For related coverage, see Spot Bitcoin ETFs See $101M in Net Outflows on May 21, Extending Five-Day Streak.
The two categories do not always move together. Recent sessions tracked by SoSoValue have shown mixed outcomes, such as when Bitcoin and ether ETFs both drew net inflows on the same day. For related coverage, see Ethereum Post-Quantum Protection Could Be Implemented Today for $0.07.
Why a Same-Day Outflow for Both ETF Groups Matters
ETF flow direction is commonly watched as a proxy for institutional demand. A day of net outflows means redemptions outpaced new share creations across the tracked funds.
When Bitcoin and Ethereum products move in the same direction on the same day, the alignment can read as a broader shift in appetite rather than an asset-specific one. It is a sentiment and capital-flow signal, not a guaranteed price predictor.
Single-day outflows are not unusual and have appeared repeatedly in the SoSoValue record. Bitcoin funds have logged sessions like a net outflow day on May 19, and a separate multi-day outflow streak through May 21, underscoring that flows swing in both directions.
Flows have also turned sharply positive on other dates, including a large single-day net inflow on April 14, which shows the July 24 reading sits within a normal range of daily variation rather than signaling a structural break.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
