Ah, the fickle winds of fortune! On a day that dared to be ordinary, the spot Bitcoin exchange-traded funds (ETFs) awakened to the harsh reality of a net outflow totaling a staggering $131.35 million on Monday. This marks the shattering of a relentless 12-day influx, one that had groaned under the weight of a hefty $6.6 billion!
The villain of this tale? ARK Invest’s ARKB, tumbling down the rabbit hole with a dramatic $77.46 million outflow recorded in just 24 hours. 😱 Grayscale’s GBTC wasn’t far behind, losing $36.75 million in a puff of smoke, while Fidelity’s FBTC bit the dust with a more modest $12.75 million exit. Oh, the drama! According to the wise sages at SoSoValue, it seems our funds just can’t take the heat anymore.
Bitwise’s BITB and VanEck’s HODL chimed in with their own respectable sighs of $1.91 million and $2.48 million, respectively. And BlackRock’s IBIT, the heavyweight champion of assets worth $86.16 billion, simply yawned, seeing neither inflows nor outflows, content as a cat in the sun. 💤
But fear not, dear reader! The cumulative net inflows remain like a steadfast lighthouse amidst these stormy waters, standing tall at $54.62 billion! The total assets of all spot Bitcoin (BTC) ETFs bask in a glorious glow of $151.60 billion, holding a noble 6.52% slice of Bitcoin’s vast market cake.
Investors Hold Their Breaths at the Peak
Ah, profit-taking, the time-honored tradition of basking in the warm glow of gold! The $131 million exit stage left came as both weary investors and shrewd institutions decided to pocket a nibble of gains, as per the knowledgeable Vincent Liu, chief sorcerer— I mean, investment officer at Kronos Research. 🧙♂️
“These ETF outflows are but a mere reflection of profit gatherings at the peak, a sensible jig of institutional rebalancing,” Liu proclaimed to the good folks over at CryptoMoon, who eagerly scribbled in their notebooks.
Worry not, for this is no melodrama of panic, but a calculated move — a natural resting point after a surging ascent! “It’s all about positioning, my dear Watson,” he noted sagely.
This sudden dip spices up the scene after a jaw-dropping record of inflows earlier in July, with those wild days of July 10 and 11 each raking in $1.18 billion and $1.03 billion, making history as the first days ever to see billion-dollar boosts in Bitcoin ETFs! Talk about a party!
Ether ETFs Keep the Momentum Rolling
As Bitcoin takes a breath, spot Ether (ETH) ETFs are on a roll, clocking an impressive $296.59 million net influx on the same fateful Monday, bringing the grand total to a luscious $7.78 billion! The hunger for Ether products shows no sign of abating—what a twist! 🎉
The current glory of inflows, now in its 12th consecutive day, saw records shattered on Wednesday as Ethereum ETFs boasted a whopping $726.74 million influx, the biggest since their inception! With Thursday bringing in an additional $602.02 million, it seems the appetite for Ether is insatiable. 🤑
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2025-07-22 10:58