Over $500 Million In Outflows From Bitcoin ETFs: What Does It Mean For The Bull Market?
Bitcoin‘s (CRYPTO: BTC) summer rally is facing its first real test as institutional ETF flows, which helped fuel the move to fresh highs, show signs of strain.
What Happened: A Glassnode report on Tuesday flagged that while spot Bitcoin ETFs recorded over $880 million in inflows last week, sustainability remains uncertain against weakening on-chain activity and falling spot volumes.
The report emphasized that institutional demand through ETFs will be “critical amid price volatility,” highlighting the market’s dependence on steady capital flows to maintain momentum.
That warning proved timely.
On Tuesday, U.S. spot Bitcoin and Ethereum (CRYPTO: ETH) ETFs saw sharp net outflows, with bitcoin funds posting $523 million in redemptions, according to SoSoValue.
Fidelity‘s (CBOE: FBTC) led the outflows with $246.9 million, while Grayscale‘s (NYSE:GBTC) reported $115.5 million.
Ether ETFs mirrored the weakness, with $422.3 million in outflows, led by Fidelity‘s …
About The Author
