U.S. spot Bitcoin and Ethereum ETFs recorded combined net outflows of $310.62 million on July 24. Bitcoin ETFs bore the brunt with approximately $240.1 million in redemptions, while Ethereum ETFs saw around $70.7 million in outflows. BlackRock led the selling, with its IBIT product accounting for roughly $212 million of the Bitcoin outflows alone. These moves were driven by geopolitical tensions related to U.S.-Iran relations and a broader equity market selloff. Bitcoin briefly dipped below the psychological $65,000 level during the session.
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