Key Points:
- US spot Bitcoin ETFs recorded $282.6 million in net outflows on Thursday, their largest single-day withdrawal in nearly two months.
- Investors pulled a combined $449 million from Bitcoin ETFs over three consecutive sessions, reversing part of the $3.8 billion accumulated during the strongest three-week inflow period of 2026.
- Spot Ether and Solana ETFs also posted net outflows, signaling broader weakness across US crypto investment products.
Bitcoin ETF Outflows Reach Two-Month High
US spot Bitcoin exchange-traded funds recorded their largest daily net outflow in nearly two months on Thursday as investors increased withdrawals from the recently strong-performing investment products.
The funds registered $282.6 million in net outflows, the largest single-day withdrawal since July 13, when outflows reached $424.7 million, according to SoSoValue data.
The latest selling brought the three-day outflow streak to approximately $449 million. Despite the recent withdrawals, cumulative net inflows across the spot Bitcoin ETF market remain substantial at $55.17 billion.
Total net assets held across the funds stood at approximately $97.5 billion.
ARK 21Shares Leads Thursday Withdrawals
The ARK 21Shares Bitcoin ETF recorded the largest outflow among the funds on Thursday, with approximately $164 million leaving the product.
Grayscale’s Bitcoin Trust ETF followed with $36 million in net outflows, while Fidelity’s FBTC recorded approximately $33.6 million.
The concentrated withdrawals from several major funds contributed significantly to the day’s overall decline.
The recent selling represents a reversal from the powerful inflow period that preceded it. US spot Bitcoin ETFs had accumulated approximately $3.8 billion in net inflows during their strongest three-week stretch of 2026.
The shift suggests that investors are becoming more cautious following the earlier surge in demand, although three days of outflows alone do not establish a longer-term reversal in institutional Bitcoin positioning.
Ether and Solana ETFs Also See Outflows
Selling was not limited to Bitcoin investment products.
US spot Ether ETFs recorded $29.8 million in net outflows Thursday, giving back most of the $34.8 million in inflows recorded during the previous session.
Spot Solana ETFs also moved into negative territory, recording approximately $483,000 in net outflows after attracting $11.7 million the day before.
The simultaneous withdrawals across Bitcoin, Ether and Solana products point to a broader pullback in crypto investment-product demand rather than an isolated move affecting Bitcoin alone.
Strong Cumulative Inflows Remain
Despite the latest outflows, the US spot Bitcoin ETF market continues to hold a substantial cumulative inflow position.
The $55.17 billion in cumulative net inflows demonstrates that the recent three-day withdrawal streak remains relatively small compared with the capital that has entered the products since their launch.
The more important question for investors will be whether the outflows persist and begin to erode the substantial inflow momentum accumulated earlier in the year.
A sustained period of withdrawals could indicate a broader shift in institutional risk appetite, while a quick return to positive flows would suggest that the latest selling was primarily a short-term repositioning.
Outlook
The acceleration in Bitcoin ETF outflows marks a notable change after several weeks of strong institutional demand, but the latest withdrawals remain modest compared with cumulative inflows. The simultaneous outflows from Ether and Solana ETFs suggest broader caution across crypto investment products. Investors will likely focus on whether Bitcoin ETF flows stabilize in coming sessions or develop into a more sustained trend of institutional selling.
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