Spot Bitcoin ETFs Record Second-Largest Daily Withdrawal in History

Bitcoin

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 Bitcoins 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 BlackRocks ETHA held steady.

The shift comes just days after mid-Julys 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.