US-listed spot Bitcoin exchange-traded funds (ETFs) extended their outflow streak to four consecutive trading sessions, with investors withdrawing approximately $49.8 million in the latest session as Bitcoin briefly fell to $63,000. Since receiving SEC approval in January 2024, spot Bitcoin ETFs have become a primary channel for regulated institutional and retail exposure to Bitcoin, and their daily flow data is now widely tracked as a proxy for broader investor sentiment toward the asset.

According to SoSoValue data, Bitcoin ETFs recorded total net outflows of roughly $526 million across the four trading sessions. The largest single-day withdrawals occurred on July 24 and July 23, at about $240 million and $225 million, respectively.

Despite the recent selling pressure, cumulative net inflows into spot Bitcoin ETFs remained at $51.3 billion, while total net assets stood at $77.2 billion as of July 28.

The four-session outflow streak followed a seven-day inflow streak that brought in nearly $1 billion, underscoring renewed volatility after Bitcoin failed to hold above the $65,000 level.

CryptoQuant community analyst Darkfost stated that a return to a bullish trend for Bitcoin would require renewed demand and improving market conditions. According to his analysis, Bitcoin spot volumes on major exchanges have fallen sharply from late 2024 levels. Binance recorded approximately $35 billion in July spot volume compared with $246 billion in November 2024. The simultaneous decline in ETF inflows and exchange spot activity means both regulated and unregulated demand channels are showing weakening participation, a combination market participants often watch for confirmation of whether a cooldown is cyclical or signals a deeper shift.

At the time of publication, Bitcoin was trading at $64,371, up 2.7% over the past seven days, according to CoinGecko data. Bitcoin briefly dropped as low as $63,100 on Thursday, marking its lowest level since July 17.