Bitcoin ETFs shed $144.67M as five-day inflow streak breaks

Bitcoin ETF investors pulled $144.67 million on Monday, ending a five-session buying streak as BlackRock and Grayscale products led the selling.

Bitcoin ETFs recorded $144.67 million in net outflows on Monday, snapping a five-session inflow streak, with BlackRock and Grayscale funds driving the withdrawals. SoSoValue data shows five products posted net redemptions, led by BlackRock's IBIT at $53.56 million and Grayscale's GBTC at $52.02 million.

Fidelity's FBTC lost $40.32 million, Bitwise's BITB shed $28.44 million, and Franklin Templeton's EZBC dropped $7.38 million. Grayscale's Bitcoin Mini Trust added $37.06 million, softening the decline. Total trading value reached $2.03 billion, with combined net assets at $78.16 billion.

The reversal follows a week that drew $853.54 million in inflows, the strongest since April. Bitcoin traded near $63,916 on Tuesday, down 1.44 percent on the day, as rising oil prices and the US-Iran stalemate revived inflation concerns and pushed fed funds futures to price a 51.3 percent chance of a September rate hike, up from 44.1 percent on Friday.

Ether, Solana and HYPE Funds Diverge

Ether ETFs also started the week in the red, losing $14.59 million. BlackRock's ETHA accounted for most of the selling with a $23.77 million withdrawal, while Fidelity's FETH lost $3.27 million. Grayscale's Ether Mini Trust attracted $8.59 million and BlackRock's ETHB added $3.86 million. Ether ETF trading value totaled $533.17 million, with net assets at $10.50 billion.

Solana ETFs posted the strongest altcoin session, drawing $8.83 million entirely into Bitwise's BSOL, with trading value of $30.93 million and net assets of $905.66 million. HYPE ETFs extended their recovery with $2.74 million in inflows, split between Bitwise's BHYP at $1.56 million and Grayscale's HYPG at $1.18 million. XRP ETFs reported no net creations or redemptions.

BlackRock Lowers IBIT Conversion Minimum

BlackRock's Head of Digital Assets, Robert Mitchnick, said in a Bloomberg interview that the minimum size for in-kind conversions of bitcoin into IBIT has fallen from $25 million to $1 million since the process became available. He said activity has grown over the past three quarters as BlackRock worked to widen access, and the firm hopes the threshold can fall further.

Lower conversion minimums could make it easier for large bitcoin holders to move assets into ETF structures without first selling into cash, widening the bridge between native crypto ownership and traditional brokerage accounts. The rotation out of bitcoin funds into Solana and HYPE products suggests selective capital allocation within the crypto sector rather than a wholesale exit, though sustained outflows would pressure BTC toward the $62,345 support level, with the yearly low of $57,800 set on July 1 in view.

This article is for informational purposes only and does not constitute investment advice.