The brief reprieve for U.S. spot-Bitcoin ETFs was short-lived. After a single day of net inflows, the funds collectively lost $424.63 million in the previous session, according to data from Trader T on July 14.
The heaviest hits landed on the two largest products. Fidelity’s FBTC bled $245.62 million, while BlackRock’s IBIT saw $185.47 million exit. Grayscale’s legacy GBTC contributed another $53.06 million in outflows.
Not every fund was in the red. VanEck’s HODL product eked out a modest $6.14 million inflow. Grayscale’s Mini Bitcoin Trust took in $53.38 million, partly offsetting the broader tide. The remaining ETFs recorded no net flows – flat for the day.
The reversal comes after a single session of inflows that had briefly broken a multi-day losing streak. The size of the outflow – nearly half a billion dollars – underscores that institutional appetite for spot-BTC exposure remains uneven, even after the January 2024 ETF approvals that opened the floodgates for mainstream money.
Traders will now watch whether this outflow accelerates into the weekly close, or if bargain hunters step in to stabilize the flow data. The next full week of ETF flows, due Monday, will offer the clearest picture of whether the selling is a one-off blip or the start of a sustained rotation.
U.S. Bitcoin ETFs lose $424.63M, showing uneven institutional demand
U.S. spot-Bitcoin ETFs recorded $424.63 million in net withdrawals after one day of inflows, led by Fidelity’s FBTC and BlackRock’s IBIT, while two smaller funds attracted money. The reversal matters because it shows large investors’ demand for Bitcoin through these regulated funds remains inconsistent.