On Friday, spot Bitcoin exchange-traded funds (ETFs) experienced a sharp net outflow of $812.25 million — the second-largest single-day withdrawal ever recorded for these financial products.
The sell-off wiped out recent gains and dragged the total net inflows down to $54.18 billion. Assets under management (AUM) also declined to $146.48 billion, which now accounts for 6.46% of Bitcoin’s market cap, as reported by SoSoValue.
Leading the wave of redemptions was Fidelity’s FBTC, which saw $331.42 million leave the fund. Close behind was ARK Invest’s ARKB, losing $327.93 million. Grayscale’s GBTC registered a $66.79 million outflow, while BlackRock’s IBIT had a minor dip of $2.58 million.
Despite the heavy withdrawals, trading activity remained robust. The total trading volume for all spot Bitcoin ETFs hit $6.13 billion, with IBIT alone contributing $4.54 billion — a sign that investor engagement remains strong despite the negative net flows.
Ether ETFs See First Daily Outflow After 20-Day Streak
Ethereum-focused ETFs also faced a reversal. After 20 consecutive trading days of inflows, the sector posted its first net outflow on Friday, totaling $152.26 million.
Ether ETF AUM now stands at $20.11 billion, which is approximately 4.70% of Ethereum’s market value.
The largest outflow came from Grayscale’s ETHE, which saw $47.68 million leave the fund. Bitwise’s ETHW followed with $40.30 million in redemptions. Fidelity’s FETH posted $6.17 million in losses. BlackRock’s ETHA stood out by breaking even, maintaining its $10.71 billion in AUM with no net movement.
Overall, spot Ether ETFs traded $2.26 billion worth of volume that day. Grayscale’s ETHE led the charge with $288.96 million in transactions, reflecting continued volatility in Ethereum markets.
Just earlier in July, Ether ETFs broke records, logging $726.74 million in inflows on July 16 — the highest since launch — followed by $602.02 million on July 17, highlighting a strong investor appetite for Ethereum exposure.
Ether Gains Institutional Momentum
According to Standard Chartered, institutional interest in Ethereum is accelerating, with companies now acquiring ETH at twice the pace of Bitcoin.
Since early June, crypto-focused treasury firms have accumulated around 1% of ETH’s circulating supply. This strategic buying, combined with steady inflows into Ether ETFs, has been a significant factor behind the recent price surge.
The bank believes this momentum could push Ether past $4,000 before the year is out, driven by both institutional demand and retail enthusiasm for Ether-based financial products.
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