Bitcoin ETFs See $342 Million Outflow Ending 15-Day Inflow Streak

Bitcoin ETFs experienced a significant outflow of $342 million, marking the end of a 15-day inflow streak. This sudden change in sentiment among institutional investors highlights a notable shift in the market dynamics. The largest single-day outflow was recorded by Fidelity’s FBTC, amounting to $172.7 million. Following closely was Grayscale’s GBTC with $119.5 million in redemptions, while Bitwise (BITB) and Ark Invest (ARKB) also saw substantial withdrawals of $23 million and $27 million, respectively. Notably, BlackRock’s IBIT, which had been a key driver of recent inflows, posted zero activity on the day.

This shift comes after a strong June performance, where Bitcoin ETFs had collectively added billions in net inflows amid renewed optimism in the crypto market. However, the sudden outflows could reflect profit-taking, macro uncertainty, or cooling momentum after Bitcoin failed to maintain its push beyond $110,000. The divergence in trends between Bitcoin and Ethereum ETFs is also noteworthy. Ethereum ETFs registered $40.7 million in net inflows on the same day, suggesting growing investor interest in Ethereum-based products, possibly in anticipation of network upgrades or broader rotation within the crypto space.

Market watchers will be closely monitoring whether this outflow marks a brief dip or the start of a broader trend reversal. With Ethereum ETFs gaining traction, institutional focus may be temporarily shifting. However, all eyes remain on Bitcoin’s price action and the broader macro landscape to determine the next major move. The sudden change in sentiment among institutional investors highlights a notable shift in the market dynamics, and the divergence in trends between Bitcoin and Ethereum ETFs suggests a growing interest in Ethereum-based products. The next major move in the crypto market will likely be influenced by Bitcoin’s price action and the broader macro landscape.