Fidelity Leads $389.7M Bitcoin ETF Weekly Outflow With $153M Exit

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U.S. spot bitcoin ETFs recorded $389.7 million in net outflows during the week of August 10 to August 14, reversing the previous week’s strong inflow run. Ether funds slipped slightly into the red, while solana, XRP and HYPE ETFs ended the week with net additions.

Key Takeaways

Bitcoin exchange-traded funds (ETFs) lost $389.7M from Aug. 10-14, reversing the prior week’s strong inflows.Fidelity’s FBTC lost $153.2M as solana, XRP, and HYPE funds still drew selective demand.Bitcoin faces a new test as CPI hit 3.4% and jobless claims reached 209,000.

Bitcoin ETFs Reverse Prior Week’s Rally With $389.7M Outflow

The rush into crypto ETFs cooled quickly.

By Friday’s close, bitcoin ETFs had suffered four negative sessions out of five.

Bitcoin Gives Back Part of Its August Rally

Tuesday offered only brief relief. A $4.89 million net inflow, supported by $50.20 million into Blackrock’s IBIT, was followed by withdrawals of $61.16 million on Wednesday and $131.13 million on Thursday. Another $57.63 million left the funds on Friday.

The weekly loss reached $389.7 million.

Fidelity’s FBTC suffered the largest withdrawal at $153.2 million. Grayscale’s GBTC lost $88.3 million, while Blackrock’s IBIT recorded $78.9 million in net outflows. ARK 21Shares’ ARKB shed $70.3 million, and Bitwise’s BITB lost $31.6 million. Franklin Templeton’s EZBC posted $23.9 million in withdrawals.

Bitcoin ETFs gave away part of their August gains, as outflows reached almost $400 million. Source: SosovalueEther Holds Near Flat as Altcoins Find Buyers

Ether ETFs finished the week with roughly $2.26 million in net outflows.

Monday brought a $14.59 million withdrawal, followed by another $1.76 million exit on Tuesday. Demand improved later in the week, with inflows of $7.38 million on Wednesday and $6.72 million on Thursday. Friday saw no net flows.

Smaller crypto ETFs produced a firmer result.

Solana funds led the altcoin group with $10.26 million in weekly inflows. Most of that came from Monday’s $8.83 million addition, followed by $1.43 million on Tuesday.

HYPE ETFs attracted $2.74 million, all on Monday. XRP products added $2.25 million, with the entire weekly gain arriving on Thursday.

Those readings kept interest-rate expectations in play throughout the week. Bitcoin ETFs, often one of the most liquid institutional expressions of crypto risk, absorbed the heaviest selling.

The weekly ledger still showed demand further down the market. Solana, XRP and HYPE funds all closed positive, suggesting investors continued to make selective crypto allocations even as bitcoin flows turned sharply defensive.