Bitcoin ETFs lose over $424M, wiping out last week’s gains as recovery fails first test
Spot Bitcoin ETFs saw $424.7 million in net outflows on July 13, more than reversing the $197.4 million they had gathered over the prior five trading days and pushing July 6–13 net flows to negative $227.3 million. The reversal came after the prior week ended an eight-week outflow streak, but the latest data suggests the rebound was not broad-based. BlackRock’s IBIT had driven most of the earlier inflows, while Fidelity’s FBTC showed notable outflows; on July 13, FBTC lost $245.6 million and IBIT lost $185.5 million. Smaller inflows into VanEck’s HODL and Grayscale’s lower-fee BTC fund partly offset outflows, while GBTC also saw withdrawals. The key issue is whether demand is recovering across multiple issuers or only moving between funds; a broad rebound would be stronger evidence of renewed interest.
