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Spot Bitcoin ETFs see $424.7M net outflows on July 13

The outflow left the July 6 to July 13 cumulative balance down $227.3M, after the prior week had ended an eight-week outflow streak.

Reported · Written up by our desk · Bitcoin

Spot Bitcoin ETFs recorded $424.7 million of net outflows on July 13, more than double the $197.4 million of inflows attracted across the prior five trading days, according to CryptoSlate.

The reversal pushed the cumulative ETF balance for July 6 through July 13 to negative $227.3 million, marking a failure of the first follow-through test after the prior week ended an eight-week outflow streak.

BlackRock's IBIT accounted for $291.9 million in inflows across July 6 to July 10, but the pattern did not hold, with both FBTC and IBIT turning negative later in the week. Over the same July 6 to July 10 window, Fidelity's FBTC posted $93.4 million in outflows.

CryptoSlate cited Farside Investors data showing that on July 13, FBTC had another $245.6 million in outflows and IBIT recorded $185.5 million in outflows, for a combined $431.1 million outflow. The decline was partly offset by $6.1 million entering VanEck's HODL and $53.4 million entering Grayscale's lower-fee BTC fund, while Grayscale's GBTC recorded $53.1 million in outflows. CryptoSlate noted that the flow figures do not show who was selling or whether withdrawals translated directly into spot BTC selling on the open market.

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