Bitcoin ETFs lose $424M in a day as outflows resume after brief pause

A single-day outflow of $424.66 million erased last week's gains and pushed year-to-date net withdrawals past $5.8 billion.

Spot Bitcoin ETFs saw $424.66 million in net outflows July 13, erasing the prior week's inflows and pushing 2026 withdrawals to roughly $5.8 billion, SoSoValue data show.

"A definitive, broad-based market bottom has yet to be confirmed," Sunny Mom, an analyst at CryptoQuant, said, noting that whale accumulation could help limit further downside but does not yet signal a sustained recovery.

The single-day withdrawal came after Bitcoin ETFs posted $197 million in net inflows during the week ended July 10, ending an eight-week outflow streak that had drained roughly $8.26 billion from the products. Monday's outflow alone exceeded the entire prior week's positive flow, showing how quickly demand reversed. Bitcoin traded at $62,589 as of Monday, roughly 30% below its level at the start of the year, according to CoinGecko.

The return to outflows suggests institutional demand for regulated Bitcoin exposure remains weak, even as the number of new Bitcoin whales continues to grow, CryptoQuant data show. Market observers remain divided on whether Bitcoin's downturn is nearing an end, with Real Vision analyst Jamie Coutts saying the market may be entering the latter stages of the bear market, while Hilbert Capital's Russell Thompson sees a potential low around October.

The $424.66 million outflow on July 13 came as Bitcoin traded near $62,589, extending a decline that has pushed the largest cryptocurrency roughly 30% lower year-to-date. Total net assets across US spot Bitcoin ETFs stood at $74.79 billion as of Monday, with cumulative net inflows since launch at $50.85 billion, according to SoSoValue.

The funds first crossed the $50 billion cumulative inflow milestone in July 2025, about 18 months after launching in January 2024. Since Oct. 11, 2025, nearly $10 billion has flowed out of the products, CryptoQuant data show.

Ether ETFs also recorded outflows during the period, though specific Monday figures were not yet available. The two largest digital asset ETFs had both returned to positive weekly flows the prior week for the first time since early May, with Ether funds posting $84.42 million in net inflows.

This article is for informational purposes only and does not constitute investment advice.