Spot Bitcoin ETFs Record Second-Largest Daily Withdrawal in History
Bitcoin and Ethereum exchange-traded funds faced heavy selling pressure on Friday, wiping out recent gains and signaling a sharp change in sentiment after weeks of steady inflows.
Data from Farside Investors shows that spot Bitcoin ETFs lost a combined $812.25 million in a single day—the second-largest outflow in their history. The withdrawals dragged total net inflows back to $54.18 billion and cut assets under management to $146.48 billion, representing just over 6% of Bitcoin’s market value.
Fidelity’s FBTC and ARK Invest’s ARKB absorbed most of the damage, shedding more than $659 million between them, while Grayscale’s GBTC and BlackRock’s IBIT saw smaller reductions. Despite the redemptions, activity stayed robust, with over $6 billion in trading volume recorded, most of it concentrated in IBIT.
Ethereum products also saw their momentum break. After 20 straight days of inflows—their longest winning streak yet—spot ETH ETFs posted $152.26 million in outflows.
This pullback lowered their total assets to $20.11 billion, or 4.7% of Ethereum’s market cap. Grayscale’s ETHE, Bitwise’s ETHW, and Fidelity’s FETH all saw losses, while BlackRock’s ETHA held steady.
The shift comes just days after mid-July’s record-setting inflows for Ether ETFs, when investors poured in more than $1.3 billion over two consecutive sessions. The sudden reversal underscores how quickly sentiment can swing in the ETF market, even after periods of strong demand.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
