BlackRock’s IBIT leads spot Bitcoin ETFs with $265M in outflows

US spot Bitcoin ETFs hemorrhaged $265.4 million on July 31, snapping a short-lived return to inflows. BlackRock’s iShares Bitcoin Trust, better known as IBIT, accounted for nearly half of the damage, posting $122.7 million in redemptions. Just one day earlier, these same funds had attracted $233.1 million in net inflows, with IBIT alone pulling in $183.4 million. The numbers behind the reversal IBIT’s $122.7 million exit wasn’t even close to its worst day. That distinction belongs to a session in May 2026, when the fund recorded roughly $528 million in single-day outflows. Fidelity’s FBTC came in second on the outflow leaderboard, shedding $54.8 million. Together, the two largest spot Bitcoin ETFs by assets were responsible for about $177.5 million of the day’s total withdrawals. Despite the rough day, IBIT’s net assets still sat at approximately $46.52 billion as of July 31. That’s down from $47.67 billion the day before. The fund holds roughly 739,066 BTC. A bigger pattern is forming Q2 2026 marked the third consecutive quarter of net outflows for US spot Bitcoin ETFs as a group. The cumulative withdrawals in Q2 exceeded those in Q1. July itself has been a case study in indecisio...