Crypto ETFs saw significant outflows on July 9, with U.S. spot products losing investor demand.
The broad redemptions followed a poor quarter for crypto assets, with Bitwise's 10 Large Cap Crypto Index falling 15.4% in the second quarter.
BTC was particularly affected, with Bitcoin ETFs selling approximately 1,508 BTC, led by redemptions at Fidelity and ARK 21Shares.
The outflows were not uniform across all products, however, with Morgan Stanley-linked products, VanEck, and Bitwise seeing small Bitcoin inflows.