After a strong 12-day streak of inflows, spot Bitcoin exchange-traded funds (ETFs) recorded net outflows totaling $131.35 million on Monday. The retreat follows a wave of enthusiasm that had seen $6.6 billion enter the market over nearly two weeks, reflecting renewed institutional and retail appetite for the asset class. This reversal is being interpreted by market analysts as a sign of measured profit-taking rather than fear-driven selling. ARK Invest Sees Largest Outflows Among ETF Issuers The bulk of Monday’s outflows came from ARK Invest’s ARKB fund, which registered a $77.46 million pullback. Grayscale’s GBTC was next in line, recording $36.75 million in outflows. Fidelity’s FBTC also saw notable exits, shedding $12.75 million. Smaller outflows came from VanEck’s HODL and Bitwise’s BITB, with $2.48 million and $1.91 million, respectively. Interestingly, BlackRock’s IBIT, which holds the largest net assets at $86.16 billion, remained neutral, showing no inflows or outflows for the day. Despite the single-day downturn, the cumulative net inflow figure for all spot Bitcoin ETFs remains healthy at $54.62 billion. Total net assets across the group now stand at $151.6 billion, which represents 6.52% of Bitcoin’s overall market capitalization. Market Rebalance Seen as Key Driver Behind ETF Exits Kronos Research’s chief investment officer, Vincent Liu, explained that the timing of the outflows lines up with strategic rebalancing. “The recent ETF outflows reflect profit-taking near the highs and measured institutional rebalancing to lock in gains,” Liu told Cointelegraph. According to Liu, this shift is not indicative of panic selling, but rather a natural market cycle after a significant rally. “It’s not panic but positioning — a natural pause after a strong upward run,” he added. This cooling-off period comes after two consecutive billion-dollar inflow days earlier in July — $1.18 billion on July 10 and $1.03 billion on July 11 — marking the first time such an event has occurred in Bitcoin ETF history. Ethereum ETFs Continue to Attract Capital While Bitcoin ETFs saw outflows, Ether-based ETFs continued their positive momentum. Spot Ether ETFs saw an impressive $296.59 million in net inflows on Monday, pushing their total inflows to $7.78 billion. Ethereum products are now enjoying a 12-day streak of inflows, mirroring the earlier run seen in Bitcoin ETFs. That streak includes a standout performance on Wednesday when Ethereum ETFs pulled in $726.74 million — their highest single-day inflow since launch. This was followed by Thursday’s $602.02 million inflow, showing a steady increase in demand for Ether-related investment vehicles. Conclusion While Monday’s outflows from Bitcoin ETFs may seem like a setback, analysts see them as a healthy breather rather than a sign of a broader shift in sentiment. Investor interest in crypto ETFs remains strong, with Ether products stepping up as Bitcoin takes a short pause in capital inflows.
