Bitcoin ETFs Hit by $342M Outflow After 15-Day Inflow Streak Ends

The pullback marks the end of a 15-day inflow streak, highlighting a sudden change in sentiment among institutional investors.

Leading the exodus was Fidelity’s FBTC, which recorded the largest single-day outflow of $172.7 million. Grayscale’s GBTC followed with $119.5 million in redemptions, while Bitwise (BITB) and Ark Invest (ARKB) also saw notable withdrawals of $23 million and $27 million, respectively.

BlackRock’s IBIT, which had been a key driver of recent inflows, posted zero activity on the day.

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The 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.

Meanwhile, Ethereum ETFs saw a contrasting trend, registering $40.7 million in net inflows on the same day. The divergence suggests growing investor interest in Ethereum-based products, possibly in anticipation of network upgrades or broader rotation within the crypto space.

What’s Next?

Market watchers will be paying close attention to whether this 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.

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