U.S. bitcoin ETFs shed $424.66 million on Monday, July 13, as Fidelity’s FBTC and Blackrock’s IBIT led a fresh round of redemptions. Ether and HYPE funds also fell, while XRP and solana products saw no trading, and Glassnode flagged that thin ETF volume may hold back a bitcoin price recovery.
Investors pulled back from core crypto bitcoin ETF exposure to start the week, and bitcoin funds carried most of the pressure with $424.66 million in net outflows. The exits followed a brief improvement in flows the week before.
Fidelity and Blackrock lead the redemptions
Fidelity’s FBTC drove the pullback with a $245.62 million exit. Blackrock’s IBIT followed with $185.50 million in outflows, while Grayscale’s GBTC saw $53.06 million leave the fund.
A few funds pulled the other way, but not enough to shift the day’s direction. Grayscale’s Bitcoin Mini Trust added $53.38 million, and Vaneck’s HODL brought in $6.14 million. Total bitcoin ETF value traded stood at $2.06 billion, and net assets closed at $74.79 billion.
Ether slips while XRP and solana go quiet
Ether ETFs also ended in the red, posting $15.41 million in net outflows driven mainly by Fidelity’s FETH, with no inflows across the group. HYPE ETFs added to the day’s losses with a $3.93 million net outflow, entirely from Bitwise’s BHYP. XRP and solana ETFs, by contrast, saw no trading activity for the day.
The quiet tape showed up in broader data as well. Glassnode noted that trading in U.S. spot ETFs remains in a low-volume regime, with volumes down 78% from their peak and below 2024 levels. Bitcoin.com News reported that without stronger participation from other asset classes, a sustained recovery in bitcoin price momentum may be harder to build.
Source: Bitcoin.com News
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