# ETFs −$225M July 23; seven-day streak ends > U.S. spot Bitcoin ETFs logged a $225.1M net outflow on July 23, ending a seven-day creation run. BlackRock's IBIT led redemptions; Thursday's settle was $65,099. - **Source:** https://ptycoin.com/en/posts/2026-07-24-etf-outflow-225m-july-23-streak-ends/ - **Published:** 2026-07-24 - **Category:** Markets - **Author:** Lucía - **Tags:** bitcoin, etf, fear-greed, ethereum, institutional, fed --- The creation streak is over. [Farside Investors](https://farside.co.uk/btc/) recorded **−$225.1 million** of net outflows from U.S. spot Bitcoin ETFs on **July 23**, the first primary-market redemption day after seven straight sessions of creations that had nearly touched **$1 billion** in aggregate. Spot followed the same softer script: Crypto.com Exchange settled Thursday at **$65,099.47**, then lost the $64K handle intraday Friday before steadying in the low $64Ks. ## One red day after seven green ones Walk the sequence backward from the break. After the **−$424.7 million** washout on July 13, the complex flipped on July 14 (**+$181.1M**) and printed six more green sessions: **+$107.7M** (July 15), **+$79.1M** (July 16), **+$132.3M** (July 17), **+$226.8M** (July 20), **+$203.2M** (July 21), and **+$69.1M** (July 22). That seven-day creation run summed to about **$999 million**. Thursday's **−$225.1 million** cuts the cumulative take from that recovery stretch to roughly **$774 million** still net positive across the eight sessions from July 14 through July 23. The product mix on the red day was concentrated, not a broad-based panic print. BlackRock's [IBIT](https://farside.co.uk/btc/) alone redeemed **−$202.5 million**, almost nine-tenths of the complex total. Fidelity's FBTC was a modest **−$5.6M**, Bitwise's BITB **−$7.0M**, ARK/21Shares ARKB **−$4.3M**, Franklin **−$5.6M**, and WisdomTree **−$5.1M**. Morgan Stanley's product was a small offset at **+$5.0M**; both Grayscale products printed flat for the session. When IBIT steps from a multi-day bid into a nine-figure redemption, the aggregate complex flips red even if several peers only nibble lower. Primary-market flows count authorized-participant creations and redemptions. They are not the full secondary-market tape. A single **−$225 million** day ends the streak; it does not erase the prior week's demand for stock. ## Spot gives back the $66K handle Settled Crypto.com 1D closes map the pullback: July 21 **$66,562.29** (the first settle above $66K in this run), July 22 **$66,112.41**, July 23 **$65,099.47**. Thursday's range ran from a high near **$66,317** to a low near **$64,634**, so the session did work both sides of the mid-$65Ks before locking the lower handle. Relative to Wednesday's settle, Thursday closed about **1.5%** softer. Friday's candle is still forming, and it has kept working lower. As of ~18:30 UTC on July 24, BTC/USDT last near **$64,165** on Crypto.com, about **1.4%** under Thursday's settle, with the day's range from about **$65,813** high to **$63,723** low — under Thursday's **$64,634** floor and the softest print since July 17. Ethereum took the larger Thursday hit: ETH/USDT settled **$1,878.36** after Wednesday's **$1,933.70**, and traded near **$1,862** at the Friday snapshot. Those Friday marks are intraday; the July 24 daily candle does not settle until 00:00 UTC. A first redemption day and a spot ease under the prior $66K settle can sit together without proving the multi-week bid is finished. They do reframe the next print: whether authorized participants return for stock after IBIT's largest single-session redemption of this recovery run. ## Chart: price cools, mood back at 28 The series pairs settled daily closes (and Friday's still-forming candle) with the [Crypto Fear & Greed Index](https://alternative.me/crypto/fear-and-greed-index/). Price peaked on the July 21 settle above $66K, then stepped lower through Thursday and into Friday. The once-daily mood composite slipped with it: **28** (Fear) on the latest reading, down from **31** (Fear) the day before and well off Wednesday's **33**. The gauge is no longer glued to Extreme Fear 25, but the modest recovery in mood has stalled. *BTC price vs the Crypto Fear & Greed Index, July 17–24. The July 24 point is an intraday read as of ~18:30 UTC, not a settled close. Sources: [Crypto.com Exchange](https://crypto.com/exchange) 1D candles and [alternative.me](https://alternative.me/crypto/fear-and-greed-index/).* A Fear reading at 28 still describes a cautious book. The rebound's earlier price work (mid-$63Ks into a $66K settle) still outruns the mood composite; the two lines have not locked into confidence together. ## What the tape is weighing next The Federal Reserve's late-July policy meeting remains the next hard calendar item (decision expected July 28–29). This week's story has been the post-CPI creation run and its first break, more than a rewritten rate path. A seven-day streak that nearly printed **$1 billion** net, then gave back **$225 million** in one IBIT-heavy session, is a recovery that can reverse session to session without needing a new macro headline. None of this is a forecast. Creations can return on the next U.S. cash day, and a Friday candle still forming near **$64K** can settle above or below where it prints now. For now the instrument reading is plain: the streak is broken at seven, the first red day is **−$225.1 million** with IBIT carrying most of the print, spot has slipped from the $66K settle to the low $64Ks, and the mood gauge sits at Fear 28. That is description, not a recommendation. --- Source: PTYcoin — https://ptycoin.com/en/posts/2026-07-24-etf-outflow-225m-july-23-streak-ends/. Free to read and cite with attribution to ptycoin.com. AI-usage terms: https://ptycoin.com/en/ai-usage/