Spot Bitcoin ETFs break 12-day inflow streak amid ‘profit taking’

Spot Bitcoin exchange-traded funds (ETFs) registered a net outflow of $131.35 million on Monday, marking the end of a bullish 12-day streak that attracted $6.6 billion in inflows.

The largest outflow came from ARK Invest’s ARKB, which shed $77.46 million in a single day. Grayscale’s GBTC followed with $36.75 million in outflows, while Fidelity’s FBTC lost $12.75 million, according to data from SoSoValue.

Bitwise’s BITB and VanEck’s HODL also posted moderate outflows of $1.91 million and $2.48 million, respectively. BlackRock’s IBIT, the largest fund by net assets ($86.16 billion), saw no inflows or outflows.

Meanwhile, cumulative net inflows remain robust at $54.62 billion and total net assets across all spot Bitcoin (BTC) ETFs stand at $151.60 billion, accounting for 6.52% of Bitcoin’s total market capitalization.

Spot Bitcoin ETFs see outflows after 12-day inflow streak. Source: SoSoValue

Related: Spot Bitcoin ETFs gain $363M, extend 12-day inflow streak to $6.6B

Investors take profit near all-time highs

The $131 million in outflows comes as investors and institutions lock in some gains to manage risk, according to Vincent Liu, chief investment officer at Kronos Research.

“The recent ETF outflows reflect profit taking near the highs and measured institutional rebalancing to lock in gains,” Liu told Cointelegraph.

He claimed that the outflow is a routine correction following a significant price run, not a sign of fear among large holders. “It’s not panic but positioning — a natural pause after a strong upward run,” Liu noted.

The abrupt outflow follows a period of record-setting inflows earlier in July, with July 10 and 11 bringing in $1.18 billion and $1.03 billion, respectively, the first time in history two consecutive days saw billion-dollar inflows into Bitcoin ETFs.

Related: Bitcoin ETF inflows show institutions ‘doubled down’ on BTC at $116K

Ethereum ETFs extend winning streak

Spot Ether (ETH) ETFs extended their impressive inflow streak, notching another $296.59 million in net inflows on Monday. This pushed the cumulative total net inflow to $7.78 billion, as investor interest continues to rise.

Ethereum ETFs extend their run. Source: SoSoValue

The current streak, now in its 12th consecutive day, includes record-breaking activity on July 16, when Ethereum ETFs registered a $726.74 million daily inflow — the largest since their debut. July 17 followed closely with $602.02 million amid a growing appetite for Ether products.

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