BlackRock's IBIT drove $55.5M of $56.2M in Bitcoin ETF outflows on Aug 14. Three-day total hits $248M. Ether and Solana ETFs saw zero flows.
Alpha Score of 72 reflects strong overall profile with strong momentum, weak value, moderate quality, strong sentiment.
U.S. spot Bitcoin exchange-traded funds recorded $56.2 million in net outflows on August 14, extending a multi-day run of withdrawals even as selling pressure moderated from the previous session.
Farside Investors data show BlackRock’s iShares Bitcoin Trust, or IBIT, accounted for virtually the entire negative result, recording $55.5 million in redemptions. Fidelity’s FBTC lost another $6.8 million.
Bitwise’s BITB was the only Bitcoin fund to attract fresh capital, recording a $6.1 million inflow. The remaining nine tracked products, including ARK 21Shares’ ARKB, Grayscale’s GBTC and Bitcoin Mini Trust, reported no net creations or redemptions.
The $56.2 million withdrawal followed $131.1 million of outflows on August 13 and $61.1 million on August 12, taking Bitcoin ETF redemptions across the three sessions to approximately $248.4 million.
The composition of Friday’s flows changed considerably from the previous session. On August 13, ARKB led withdrawals with $58.8 million, followed by Fidelity’s FBTC at $55.1 million and Grayscale’s GBTC at $36.3 million. BlackRock recorded only $5.7 million in redemptions that day.
By August 14, ARKB and GBTC had fallen to zero while IBIT’s outflow jumped to $55.5 million. That left BlackRock responsible for almost 99% of the category’s gross negative flows before BITB’s inflow was added.
IBIT has overwhelmingly dominated cumulative Bitcoin ETF demand since the products launched in January 2024. Farside data show BlackRock has accumulated approximately $61.1 billion of net inflows, far ahead of Fidelity’s roughly $9.9 billion.
Even with the latest withdrawals, total cumulative net flows across U.S. spot Bitcoin ETFs remain approximately $51.9 billion. The August 14 result therefore represents a short-term reversal rather than a meaningful unwinding of the enormous institutional capital accumulated through the products.
Ethereum provided an unusual contrast. Every U.S. spot Ether ETF tracked by Farside recorded exactly zero net flow on August 14. That included BlackRock’s ETHA, Fidelity’s FETH, Bitwise’s ETHW, Grayscale’s ETHE and Ethereum Mini Trust, and the remaining products.
The completely flat session was the first zero-flow day for the category in 277 days, according to SoSoValue data. It followed a $5.9 million net inflow on August 13 and $7.4 million on August 12. Cumulative Ether ETF flows remain approximately $11.46 billion, with BlackRock’s ETHA responsible for about $11.63 billion of gross net inflows since launch.
Solana ETFs were similarly quiet. All six U.S. products tracked by Farside – BSOL, VSOL, FSOL, TSOL, SOEZ and GSOL – recorded zero flows on August 14. Cumulative Solana ETF net inflows remained approximately $1.13 billion, including initial seed capital and conversions.
The Friday data therefore produced a highly concentrated result across the major crypto ETF categories. Neither Ether nor Solana registered any net movement, while Bitcoin lost $56.2 million almost entirely because of redemptions from BlackRock.
After three consecutive sessions produced roughly $248 million of Bitcoin ETF withdrawals, the next data point to watch is Monday’s flow print. Whether the sharp slowdown from Thursday’s $131.1 million outflow signals that the latest bout of redemptions is already losing momentum remains an open question.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.