US-listed spot Bitcoin exchange-traded funds posted $225.2 million in net outflows on Thursday, ending a seven-session run of inflows and marking their first daily net redemption since July 13. The funds had drawn nearly $1 billion in net inflows across the preceding seven trading days.

Despite the Thursday redemptions, the products still registered approximately $274 million in net inflows for the week through that session. The outflows coincided with a brief dip in Bitcoin below $65,000, as US equities declined amid renewed tensions between the United States and Iran. Bitcoin later traded at $65,403 after reaching a session low of $64,600.

Market sentiment gauges also softened. A widely tracked crypto fear and greed measure declined three points to 28 and remained in fear territory on Friday.

In parallel, US-listed spot Ether exchange-traded funds extended their inflow sequence to five consecutive sessions, taking in a net $26.3 million on Thursday.