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- Fidelity’s FBTC and ARK Invest’s ARKB accounted for the bulk of Bitcoin ETF outflows, with $331.42 million and $327.93 million withdrawn, respectively.
- Ethereum ETFs ended a 20-day inflow streak with $152.26 million in redemptions, signaling a pullback from institutional investors.
After solid inflows throughout the month of July, spot Bitcoin ETF and Ethereum ETFs saw major institutional players stepping back with BTC ETFs seeing a massive $812 million in outflows on Friday, August 1. This is the second-largest outflow in a single day across all US ETF issuers, since inception.
The pullback wiped out a week’s worth of steady gains, reducing cumulative net inflows to $54.18 billion. Total assets under management fell to $146.48 billion, now accounting for 6.46% of Bitcoin’s market capitalization. This comes as the BTC price faced strong selling pressure, dropping to $113,000 levels.
Fidelity Ark Invest Contribute to Most of Bitcoin ETF Outflows
Fidelity Bitcoin ETF (FBTC) led the outflows with $331.42 million in redemptions, followed closely by ARK Invest’s ARKB, which saw $327.93 million withdrawn. Grayscale’s GBTC recorded $66.79 million in outflows, while BlackRock’s IBIT saw a comparatively minor loss of $2.58 million.
Despite the redemptions, trading activity remained robust. Total spot Bitcoin ETF volume reached $6.13 billion, with IBIT contributing $4.54 billion, indicating sustained investor engagement, as noted by SoSoValue.
July saw some of the highest inflows into spot Bitcoin ETFs. However, the same might not be the case moving forward into August and September. As mentioned in our previous story, Bitcoin could potentially see seasonal weakness in these months, and so inflows into spot ETFs might suffer as well. Popular crypto analyst Ali Martinez reported that first-time buyers have slowed down the pace of accumulation following BTC’s all-time highs at $123,000 in July-end.
First-time and momentum Bitcoin $BTC buyers appear to be slowing down their accumulation. pic.twitter.com/b6sxDYq72g
— Ali (@ali_charts) August 3, 2025
Ethereum ETFs End the 20-Day Inflows Streak
Ether ETFs saw their longest inflow streak come to an end on Friday, halting after 20 consecutive trading days with net inflows. The sector recorded $152.26 million in outflows, bringing total assets under management down to $20.11 billion—approximately 4.70% of Ethereum’s market capitalization.
Grayscale’s ETHE led the redemptions with $47.68 million in outflows, followed by Bitwise’s ETHW, which lost $40.30 million. Fidelity’s FETH saw $6.17 million withdrawn. BlackRock’s ETHA remained unchanged for the day, holding steady at $10.71 billion in assets.
BlackRock’s Ethereum ETF had a record run-up in July with its assets under management crossing $10 billion. On the other hand, BlackRock ETHA also purchased a staggering 1.25 million Ethereum coins last month, thereby taking its total holdings to 3 million ETH, as reported by CNF.
Trading activity remained elevated, with $2.26 billion in total value exchanged across all spot Ethereum ETFs. Grayscale’s product accounted for the highest daily volume at $288.96 million, highlighting continued market volatility.
Following the rally to $4,000 last week, ETH price has faced 12.5% pullback and is currently flirting around $3,400. Crypto market veterans like Arthur Hayes believe that ETH could test the support at $3,000.
