Bitcoin ETFs See $424.7M Outflow, Erasing Week’s Gains
Spot Bitcoin ETFs recorded $424.7 million in net outflows on July 13, reversing the prior week’s $197.4 million inflow. Withdrawals from FBTC and IBIT drove most of the decline.
Spot Bitcoin ETFs posted $424.7 million of net outflows on July 13, wiping out the $197.4 million of inflows recorded in the prior week. Withdrawals from Fidelity’s FBTC and BlackRock’s IBIT accounted for the largest portion of the decline.
Over the seven-day window from July 6 through July 13, the funds moved to a net negative of $227.3 million. IBIT had recorded $291.9 million of inflows from July 6 to July 10, while FBTC showed $93.4 million of outflows over the same period. On July 13, FBTC posted $245.6 million in redemptions and IBIT recorded $185.5 million of outflows, producing a combined $431.1 million withdrawal that outweighed smaller inflows at other issuers.
Smaller funds saw mixed flows on July 13. VanEck’s HODL received about $6.1 million, and a lower-fee Grayscale spot product took in roughly $53.4 million. Grayscale’s legacy GBTC product recorded about $53.1 million of outflows.
To offset the July 13 outflow and finish the week flat, the industry would need $424.7 million of net inflows over the remaining trading sessions. Matching the previous week’s $197.4 million gain would require $622.1 million in new inflows for the rest of the week. Prior to the July 6 rebound, spot Bitcoin ETFs had been in an eight-week outflow streak.
Bitcoin’s market price was near $62,611 on July 14. The flow data do not identify who sold ETF shares — retail investors, advisers, institutions or a mix — nor do they show whether every ETF outflow corresponded to an immediate sale of Bitcoin in spot markets.
Since July 2025, regulators have allowed in-kind creations and redemptions for crypto exchange-traded products, permitting some fund shares to be exchanged for underlying assets rather than settled in cash. That mechanism means an ETF outflow does not always result in a same-day sale of spot Bitcoin.
Market participants will monitor whether any incoming flows are spread across multiple issuers or concentrated in a single fund to judge whether ETF demand is broad or narrow.








