Spot Bitcoin exchange-traded funds (ETFs) experienced significant net outflows totaling $812.25 million on Friday, marking the second-largest single-day withdrawal in their history.
This sharp outflow 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, accounting for 6.46% of Bitcoin’s market capitalization, according to SoSoValue.
Fidelity’s FBTC led the losses with $331.42 million in redemptions, closely followed by ARK Invest’s ARKB, which saw $327.93 million pulled. Grayscale’s GBTC recorded a $66.79 million outflow, while BlackRock’s IBIT saw a modest $2.58 million decline.
Despite the withdrawals, trading activity remained robust, with $6.13 billion in total volume across all spot Bitcoin ETFs. IBIT dominated trading, contributing $4.54 billion, indicating sustained investor interest amid the outflows.
Ether ETFs break 20-day inflow streak
Ether ETFs saw their longest inflow streak come to an end on Friday, with the sector posting a net outflow of $152.26 million after 20 consecutive days of gains. Total assets under management fell to $20.11 billion, representing 4.70% of Ether’s market capitalization.
Grayscale’s ETHE led the outflows with $47.68 million, followed by Bitwise’s ETHW, which saw $40.30 million withdrawn. Fidelity’s FETH recorded $6.17 million in outflows, while BlackRock’s ETHA remained unchanged, holding steady at $10.71 billion in assets with no inflows or outflows.
Trading remained active across all spot Ethereum ETFs, with a combined $2.26 billion in volume. Grayscale’s ETH product led the way with $288.96 million traded, highlighting ongoing market volatility.
The recent inflow streak included record-breaking days, with Ethereum ETFs attracting $726.74 million on July 16—the highest single-day inflow since their launch—followed by $602.02 million on July 17, reflecting strong investor demand.
Corporations ramp up investments in Ether
Corporations are now acquiring Ether at twice the pace of Bitcoin, according to a recent report from Standard Chartered. Since early June, crypto-focused treasury firms have accumulated approximately 1% of Ethereum’s total circulating supply.
The bank pointed to this aggressive accumulation, along with consistent inflows into U.S. spot Ether ETFs, as key drivers behind Ether’s recent price rally. Standard Chartered now expects ETH to surpass its $4,000 target by year-end if the trend continues.
Looking ahead, the bank forecasts that Ethereum treasury holdings could eventually account for up to 10% of the total supply, citing the added incentives of staking and participation in decentralized finance (DeFi) as major draws for corporate investors.
