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Bitcoin ETFs turn red 🔻

Bitcoin ETFs turn red 🔻

The abrupt end to a seven-day inflow streak wasn't enough to reverse the week's gains, after a record bleed from the Bitcoin funds.

Stephen Graves
July 24, 2026

📝 What you need to know

What goes up, must come down. Bitcoin ETFs appeared to have turned the tide with a seven-day inflow streak, but that abruptly snapped on July 23 with net outflows of $225.2 million. Blackrock’s IBIT accounted for the lion’s share of the exit, while Morgan Stanley’s MSBT added $5 million.

Despite the exodus, Bitcoin ETFs are still up on the week to the tune of $274 million, which tallies with Bloomberg Intelligence's Eric Balchunas’ prediction of "two steps forward, one step back" for Bitcoin funds, framing the cycle as akin to gold ETFs' 22-year track record.

Bitcoin ETFs Shed $225M, Snapping Seven-Day Inflow Streak as Iran Tensions Spook Markets

BlackRock's IBIT led the exit among ETFs as Bitcoin briefly dipped under $65,000 and stocks fell on renewed US-Iran hostilities.

📰 In the News

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Pantera Capital led the one-year locked token sale, joined by Bain Capital Crypto, as World scales its ID network for AI agents.

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The 21st package stops short of a full asset freeze for HTX, which it accused of "significantly frustrating" its Russia measures.

Bitcoin · BTC

July 24, 2026

$63,877

▼ 1.5% past 24 hours

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📊 Myriad Insight of the Day

Elon Musk Net Worth on July 31?

<$700B 46%

$700–800B 34%

$800–900B 15%

7% >$900B

Why it matters

Musk became the first-ever trillionaire on June 12 when SpaceX IPO'd at $1.77 trillion, but has since fallen to $738 billion per Bloomberg. SpaceX shares are down 13% from the $135 IPO price after HSBC initiated a Hold with a $115 target, citing caution on "futuristic opportunities" like space-based data centers and lunar economy plays, per Stocktwits. The market prices 80% probability Musk stays below $800 billion by July 31.

Source: SPCX Stock Has Fallen 13% From IPO Price — HSBC Remains Cautious On SpaceX's Moonshot Plans (Stocktwits)

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The order gave GitHub three hours to pull three code repositories, citing the messaging app's use during protest internet shutdowns.

Polymarket Account in Farage Backer's Name Took $9M in Crypto From Unknown Sources: FT

The "GCottrell93" account bet the funds on Trump's election win and cashed out the profit, though who paid in and who collected is unclear.

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