Spot Bitcoin ETFs traded on US exchanges turned upward again, reversing the short-term positive flow of the previous week. There was a net outflow of 424.66 million dollars from the funds on Monday. This was the largest single-day draw of July so far.
This outflow reversed last week's $197.4 million inflow, according to industry data. The entry briefly ended the eight-week sweepstakes streak and strengthened hopes that institutional demand was recovering.
The renewed sell-off leaves ETF demand fragile after a record run in June. However, some on-chain data shows that large Bitcoin holders are buying.
US spot Bitcoin ETFs have recorded net outflows of approximately $5.8 billion so far this year, and recent draws have added to this selling pressure. June was the month when investors withdrew $4.51 billion from funds and the largest monthly net outflow in history was experienced.
Despite ongoing selling pressure, spot Bitcoin ETFs continue to retain a significant investor presence. As of Monday, the total net assets of the funds are 74.79 billion dollars and the cumulative net inflow is 50.85 billion dollars. The funds first surpassed the $50 billion cumulative inflow threshold in July 2025, nearly 18 months after their launch in January 2024.
The failure of spot Bitcoin ETFs to continue last week's streak of entries adds to signs that investors remain cautious. Market watchers are divided on whether Bitcoin's decline is nearing an end. CryptoQuant analyst Sunny Mom pointed out the mixed signals in the market. According to the analyst, the outflow of approximately $10 billion from US spot Bitcoin ETFs since October 11, 2025 indicates weak institutional demand, while the number of new Bitcoin whales continues to increase.
Sunny Mom wrote in her assessment shared on Thursday that a definitive and broad-based market bottom has not yet been confirmed. The analyst noted that whale buying could help limit additional decline but does not yet signal a sustained recovery. Bitcoin traded at $62,589 at press time, remaining nearly 30 percent below its level at the beginning of the year.