U.S. spot Bitcoin exchange-traded funds recorded their first daily net outflow since early July, signalling a pause in the steady inflows that had persisted for 12 consecutive sessions. Data compiled from individual issuers show a combined US$75.5 million left the products on 22 July. The withdrawals were led by the Ark 21Shares Bitcoin ETF, which saw US$33.2 million redeemed, and the Bitwise Bitcoin ETF, which lost US$42.3 million. Funds managed by Fidelity, Invesco, WisdomTree and VanEck reported no net flows on the day. Analysts said the reversal, while modest, suggests some investors are taking profits after Bitcoin’s recent rally. Monday’s data had already shown the first break in the inflow streak, and Tuesday’s figures confirm a second day of cooling demand across the ETF complex.