Spot Bitcoin ETFs recorded a net capital outflow of $131.35 million on Monday, ending a streak of 12 consecutive days attracting $6.6 billion in inflows.
According to data from SoSoValue, ARK Invest's ARKB fund recorded the largest outflow, with $77.46 million withdrawn in just one day. Grayscale's GBTC fund followed with $36.75 million in outflows, while Fidelity's FBTC fund lost $12.75 million.
Bitwise's BITB fund and VanEck's HODL also recorded moderate outflows, at $1.91 million and $2.48 million respectively. Meanwhile, BlackRock's IBIT fund – the largest by net asset value ($86.16 billion) – recorded no inflows or outflows.
As of now, the accumulated net inflow remains strong at $54.62 billion, and the total net asset value of all Bitcoin spot ETFs reached $151.6 billion, accounting for 6.52% of Bitcoin's total market capitalization.
Investors take profits near ATH levels
According to Vincent Liu – Investment Director at Kronos Research, funds were withdrawn by $131 million as investors and financial institutions took profits to manage risk.
"Recent capital withdrawals from ETFs reflect profit-taking activity as prices reach high levels and a controlled portfolio rebalancing to realize profits," Liu shared.
He believes this is just a cyclical correction following a strong price increase, and not a sign of concern from major holders.
"This is not panic but a position adjustment – a natural pause after a strong growth cycle," Liu commented.
This sudden capital outflow occurred after a period when Bitcoin ETFs recorded record inflows in early July, with July 10 and 11 attracting $1.18 billion and $1.03 billion respectively – marking the first time in history that two consecutive days saw Bitcoin ETFs attract over $1 billion.
Ethereum ETFs continue their capital inflow streak
In contrast, Ethereum spot ETFs continued their strong growth streak with a net inflow of $296.59 million on Monday. As a result, the total accumulated net inflow reached $7.78 billion, reflecting growing interest from investors.
The current capital inflow streak has extended to 12 consecutive days, highlighted by a record inflow on Wednesday, when Ethereum ETFs recorded a capital inflow of up to $726.74 million – the highest since these funds were launched. Thursday followed with $602.02 million, indicating a strong demand for ETH-related products.
