Bitcoin ETFs saw $812 million in outflows, led by Fidelity and ARK, while Ether ETFs ended their longest inflow streak with $152 million in losses.
News
Spot Bitcoin exchange-traded funds (ETFs) saw $812.25 million in net outflows on Friday, marking the second-largest single-day loss in the history of these products.
The drawdown erased a week of steady gains and pushed cumulative net inflows down to $54.18 billion. Total assets under management slid to $146.48 billion, representing 6.46% of Bitcoin’s () market capitalization, to SoSoValue.
Fidelity’s FBTC led the exodus with $331.42 million in redemptions, followed by ARK Invest’s ARKB, which saw a substantial pullback of $327.93 million. Grayscale’s GBTC also lost $66.79 million. BlackRock’s IBIT posted a relatively minor loss of $2.58 million.
Trading volumes remained active, with $6.13 billion in value exchanged across all spot Bitcoin ETFs. IBIT alone accounted for $4.54 billion in volume, suggesting continued interest despite the outflows.
Related:
Ether ETFs end 20-day inflow streak
Meanwhile, ended . After 20 consecutive trading days of net inflows, the sector recorded a $152.26 million outflow on Friday. Total assets under management now stand at $20.11 billion, or 4.70% of Ether’s () market cap.
Grayscale’s ETHE led the losses, shedding $47.68 million, while Bitwise’s ETHW followed with a $40.30 million drop. Fidelity’s FETH posted $6.17 million in outflows. Only BlackRock’s ETHA remained flat for the day, holding steady with $10.71 billion in assets and no inflows or outflows.
The combined value traded across all spot Ethereum ETFs was $2.26 billion. Grayscale’s ETH product contributed the most with $288.96 million in daily trades, reflecting ongoing volatility.
The recent run saw record-breaking activity on July 16, when Ethereum ETFs daily inflow, the largest since their debut. July 17 followed with $602.02 million amid a growing appetite for Ether products.
Related:
Corporations double down on Ether
Corporations are now acquiring Ether at twice the rate of Bitcoin, according to a recent report by Standard Chartered. Since the beginning of June, crypto treasury firms have of Ethereum’s total circulating supply.
The bank highlighted that this accumulation, combined with steady inflows into US spot Ether ETFs, has been a key driver behind Ether’s recent rally. It believes these trends could push ETH above its $4,000 price target by the end of the year.
Looking ahead, Standard Chartered predicts that Ethereum treasury holdings could grow to represent as much as 10% of the entire supply, citing the added benefits of staking and DeFi participation.
Magazine:
