Bitcoin ETFs Post $424.7M Outflow on July 13

Spot Bitcoin exchange-traded funds recorded $424.7 million in net outflows on July 13, reversing the prior week’s $197.4 million of inflows and leaving the seven-day period through July 13 at a net negative $227.3 million. BlackRock’s IBIT and Fidelity’s FBTC together accounted for about $431.1 million of the day’s outflows, with FBTC down $245.6 million and IBIT down $185.5 million on July 13.

Earlier in the week, IBIT attracted $291.9 million from July 6 to July 10 while FBTC logged $93.4 million of outflows over the same span. Other funds recorded smaller movements: VanEck’s HODL received about $6.1 million, a lower-fee Grayscale bitcoin fund drew roughly $53.4 million, and Grayscale’s legacy GBTC saw approximately $53.1 million in outflows.

The one-day reversal removed the prior week’s net inflow. For the week to finish flat, spot Bitcoin ETFs must register $424.7 million of net inflows across the remaining trading sessions. To match the previous week’s $197.4 million net inflow, they would need $622.1 million more over the rest of the week.

The flow figures do not identify who sold shares — retail investors, financial advisers, institutions or a mix — and do not show whether outflows produced equivalent Bitcoin sales in the spot market on the same day. Since July 2025, regulators have allowed in-kind creations and redemptions for crypto exchange-traded products, a process that permits some fund shares to be exchanged for underlying assets rather than cash and can affect whether ETF flows translate directly into spot trades.

Market data showed Bitcoin trading near $62,611 on July 14.

Fund-level results indicate that the prior week’s gains were concentrated in a single fund: IBIT’s $291.9 million inflow from July 6–10 exceeded the industry’s entire weekly gain. How inflows are distributed across issuers in the coming sessions will determine whether the recent outflow trend continues or narrows.