Crypto ETFs Lose $440M as Bitcoin and Ether Outflows Return

Key Insights

• Crypto ETFs lost $440 million after one positive week.
• Bitcoin ETF withdrawals reached July’s highest daily level.
• Ethereum ETF products posted smaller but renewed redemptions.

U.S.-listed Crypto ETFs returned to net outflows on Monday, July 13, after one positive week. SoSoValue recorded $424.66 million leaving Bitcoin funds and $15.41 million leaving Ether products.

The reversal weakened an early July recovery that followed June’s record withdrawals. It also showed unstable institutional demand while Bitcoin traded near $62,500 on Tuesday.

SoSoValue data showed spot Bitcoin exchange-traded funds lost $424.66 million during Monday’s session. The withdrawal marked July’s largest daily outflow and erased much of the prior week’s demand.

The funds had attracted $197.4 million during the previous week. That result ended eight consecutive weeks of withdrawals, but the recovery lasted one reporting period.

SoSoValue placed the products’ combined net assets at $74.79 billion after Monday’s session. Cumulative net inflows still stood at $50.85 billion since the products launched.

June produced the sector’s largest monthly redemption total. Investors withdrew $4.51 billion, pushing estimated 2026 net outflows toward $5.8 billion by mid-July.

The Securities and Exchange Commission approved the original spot Bitcoin products on Jan. 10, 2024. Its order covered 11 products trading through Nasdaq, NYSE Arca and Cboe BZX.

Those approvals opened a regulated route for investors seeking Bitcoin exposure through brokerage accounts. However, fund flows also became a daily measure of institutional risk appetite.

SoSoValue’s fund-level figures showed BlackRock’s iShares Bitcoin Trust recorded a major Monday withdrawal. Fidelity’s Wise Origin Bitcoin Fund also faced heavy redemptions during the session.

Social-media estimates converted BlackRock’s withdrawal into roughly 2,990 Bitcoin, valued at nearly $185.5 million. Fidelity’s redemption equaled approximately $245.6 million, based on the reported daily fund flow.

Those coin estimates should remain secondary to the dollar-flow dataset. Fund creations and redemptions can involve cash settlement, timing differences and changing Bitcoin prices.

BlackRock’s official product page showed IBIT’s net asset value fell 2.89% on July 13. The issuer said the fund seeks to reflect Bitcoin’s price performance.

The product also removes some custody and operational burdens associated with holding Bitcoin directly. However, investors still face price volatility, market liquidity and tracking risks.

Fidelity’s prospectus described FBTC as an exchange-traded product tracking its proprietary Bitcoin reference rate. The document said eligible spot markets supply data for that benchmark.

Ethereum ETF demand also weakened, though its withdrawal remained smaller than Bitcoin’s. SoSoValue recorded $15.41 million leaving U.S. spot Ether funds during Monday’s session.

Crypto Patel attributed the total to approximately 8,720 Ether leaving Fidelity’s Ethereum Fund. The post also estimated a separate reduction from BlackRock’s Ether product.

However, the post contained a labeling error within its Fidelity Bitcoin calculation. It described 3,960 units as Ether despite assigning them a $245.62 million value.

That valuation aligned with Bitcoin rather than Ether at prevailing market prices. Therefore, the dollar-flow figure provided the more reliable measure for Fidelity’s daily withdrawal.

The broader divergence mattered because Bitcoin dominated institutional selling. Several other listed crypto products recorded zero net flows in the social-media dataset.

Still, one-day withdrawals cannot prove institutions abandoned the market. Authorized participants also redeem shares for rebalancing, arbitrage and liquidity management.

CryptoQuant analyst Sunny Mom identified a conflict between traditional finance flows and large-holder activity. The analyst tracked nearly $10 billion leaving spot funds since Oct. 11, 2025.

During the same period, CryptoQuant recorded steady growth among new Bitcoin whales. Sunny Mom said accumulation could limit downside without confirming a broad market bottom.

CoinGecko data placed Bitcoin near $62,589 during the reporting period. A separate July 14 market report placed the asset around $62,521 during Tuesday trading.

Bitcoin stood roughly 30% below its price at the start of 2026. That decline showed ETF outflows accompanied a broader market repricing rather than an isolated fund event.

Whale accumulation suggested some large holders viewed lower prices as attractive. However, sustained ETF redemptions still showed weak demand across regulated U.S. investment products.

The next verifiable catalyst will be the July 14 U.S. ETF flow report. Investors will assess whether redemptions continued or Monday’s withdrawal proved temporary.

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