Spot Bitcoin ETFs Bleed Over $800 Million: Second‑Largest Exit Ever – Details
BY
Ben Graham
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Reports have disclosed that spot Bitcoin ETFs experienced a massive institutional withdrawal last Friday, with investors pulling out over $800 million.
That outflow ranks as the second-largest one-day exodus in the history of these funds. It wiped out roughly one week’s worth of inflows and pushed cumulative net inflows down to $54 billion.
Spot Bitcoin ETFs See Major Withdrawals
Based on reports, the total assets under management across all spot Bitcoin ETFs now stand at $146.48 billion. That represents just 6.46% of Bitcoin’s overall market capitalization.
Leading the sell-off was Fidelity’s FBTC, which saw redemptions of $331 million. Close behind was ARK Invest’s ARKB, with $327.93 million exiting the fund.
Grayscale’s GBTC recorded $67 million in outflows, and BlackRock’s IBIT faced a comparatively small pull-back of $2.58 million.
Even with big redemptions, institutions have not stepped away completely. There is a sense that they are simply shifting tactics.
Trading Volumes Hold Up Strong
According to trading data, daily turnover across all spot Bitcoin ETFs surged to $6.13 billion on the same day. BlackRock’s IBIT alone accounted for $4.50 billion of that figure.
Such high volume suggests that buyers and sellers are still very active. It points to a market where investors are fine-tuning positions rather than abandoning them. Futures, discounted funds like GBTC, or alternative crypto products could be where some capital is moving.
Reports have disclosed that spot Ether ETFs ended a 20-day inflow streak with net outflows of $152 million last Friday. That streak was the longest the Ether products have ever seen. Grayscale’s ETHE led the outflows with $47.68 million leaving the fund.
Bitwise’s ETHW saw $40.30 million in redemptions, while Fidelity’s FETH lost $6.17 million. BlackRock’s ETHA held steady, reporting $10.71 billion in assets under management.
Total trading across all Ether ETFs reached $2.26 billion, with Grayscale’s product making up nearly $290 million of that sum. The combined AUM for Ether ETFs now sits at $20 billion, equivalent to 4.70% of Ethereum’s market cap.
Two weeks earlier, on July 16, these same funds posted their highest single-day inflow of $727 million, followed by another $602 million on July 17.
Featured image from Meta, chart from TradingView