U.S.-listed spot Bitcoin ETFs recorded approximately $390 million in net outflows last week. The withdrawals reached their highest level in six weeks, while Bitcoin managed to remain above $63,000 on Monday.
Bitcoin was trading at around $63,500 at the time of writing. BTC has gained 0.8% since the start of the day, recovering only a small portion of last week’s losses.
Bitcoin ETFs posted outflows on four days
According to SoSoValue data, U.S. spot Bitcoin ETFs recorded $389.71 million in total net outflows during the week of August 10-14. This marked the products’ largest weekly withdrawal in six weeks.
The funds ended four of the five trading sessions with negative flows. Investors withdrew $144.67 million on August 10, $61.16 million on August 12 and $131.13 million on August 13.
Another $57.63 million left the funds during the final trading session of the week. Bitcoin ETFs consequently recorded their first three-day outflow streak since the end of July.
Fidelity’s FBTC posted the largest outflow among individual funds. Investors withdrew $153.23 million from the product over the week.
Grayscale’s GBTC lost $88.3 million, while BlackRock’s IBIT recorded $78.96 million in outflows. ARKB, managed by ARK Invest and 21Shares, shed $70.36 million.
Only two funds stood out on the positive side. Grayscale’s BTC fund attracted $75.98 million, while Morgan Stanley’s MSBT received $7.08 million in net inflows.
Bitcoin followed the Nasdaq higher
Bitcoin began the new week with a modest gain despite the ETF outflows. Positive sentiment in U.S. equity markets helped BTC remain above $63,000.
Nasdaq 100 futures rose 0.5% on Monday, reaching their highest level since July 2. No clear crypto-specific catalyst appeared to be supporting Bitcoin’s move.
The price action suggests that BTC is currently moving alongside technology stocks and broader risk appetite. However, weakness in ETF demand raises doubts about the durability of the recovery.
Spot ETFs allow investors to gain exposure to Bitcoin’s price without holding the cryptocurrency directly. Markets closely monitor their flows because sustained withdrawals indicate weaker demand through the ETF channel.
Ethereum ETFs were flat as Solana stood out
Spot Ethereum ETF activity remained limited compared with the $390 million withdrawn from Bitcoin funds. U.S. Ethereum ETFs ended the week with total net outflows of $2.26 million.
BlackRock’s ETHA lost $16.39 million, while investors withdrew $5.6 million from Fidelity’s FETH. A $15.07 million inflow into Grayscale’s ETH fund offset most of those withdrawals.
Solana ETFs attracted $10.26 million in net investment over the same period. This represented their strongest weekly inflow since mid-May.
The figures show a clear divergence among crypto ETF products. As capital left Bitcoin funds, some investors shifted toward Solana and other altcoin products.
Why do Bitcoin ETF outflows matter?
Money leaving Bitcoin ETFs does not guarantee an immediate decline in BTC’s price. Bitcoin’s ability to hold above $63,000 indicates that demand elsewhere in the market has absorbed the ETF-related selling pressure so far.
Still, the $390 million weekly withdrawal points to weaker short-term institutional demand. Continued outflows during the new week could leave Bitcoin’s support around $63,000 increasingly vulnerable.
Alongside ETF data, investors will monitor the Federal Reserve meeting minutes scheduled for release on Wednesday. Signals about the interest-rate outlook could influence risk appetite across both technology stocks and Bitcoin.
