Investors withdrew funds from U.S. Bitcoin exchange‑traded funds last week, ending a seven‑day winning streak.
Data from Farside Investors shows that more than $475 million was redeemed from the products on Thursday and Friday, with BlackRock’s iShares Bitcoin Trust accounting for most of the activity.
Risk appetite was also evident during the seven‑day window (July 14‑22), as funds run by Fidelity, Morgan Stanley, and Grayscale attracted nearly $1 billion in new inflows, totaling $999.3 million.
The influx of cash pressured Bitcoin’s price higher, but the cryptocurrency pulled back after the outflows and now remains largely unchanged over the past week. Bitcoin’s current price stands around $64,544.
Year‑to‑date, Bitcoin is down more than 26 %, having lost almost half of its value from the October peak of $126,080.
The ETFs, approved by the SEC in 2024 after nearly a decade of resistance, have contributed to Bitcoin’s surge by giving Wall Street investors an accessible entry point into crypto.
Even as larger funds saw redemptions, Morgan Stanley’s recently launched Bitcoin Trust attracted roughly $9 million in inflows on Thursday and Friday.
The April‑debuted trust now holds close to $400 million in assets under management, positioning it as one of the most successful crypto ETFs of 2026.
While some analysts believe Bitcoin may have bottomed out, others caution that geopolitical uncertainty in the Middle East and rising oil prices could delay a broader recovery.
CoinShares, a European asset‑management firm, noted earlier this month that renewed investor interest in Bitcoin ETFs is being offset by broader market headwinds that could limit further gains.
