Bitcoin ETFs Record $61.16M in Outflows as BlackRock and Fidelity Lead Sell-Off
Key Takeaways
- •BlackRock’s Bitcoin ETF and Fidelity’s Bitcoin ETF drove most of the day’s net Bitcoin ETF outflows.
- •U.S. spot Bitcoin ETFs saw net redemptions of 966 BTC, worth about $61.16 million.
- •U.S. spot Ethereum ETFs recorded net inflows of 3,920 ETH, valued at roughly $7.38 million.
- •BlackRock’s Ethereum ETF accounted for the full Ethereum inflow while the firm also sold Bitcoin through its Bitcoin ETF.
- •Other U.S. spot crypto ETFs tracked for SOL, XRP, DOGE, BNB, AVAX, DOT, LTC, HYPE, LINK, and HBAR had zero net flows.
U.S. spot Bitcoin exchange-traded funds recorded net outflows of 966 BTC, equivalent to approximately $61.16 million, according to flow data updated on August 12, 2026. The sell-off was driven primarily by ETFs managed by BlackRock and Fidelity, the two largest spot Bitcoin ETF issuers by assets under management, whose daily flow patterns are widely tracked as a barometer of institutional positioning.
BlackRock and Fidelity Lead Bitcoin Outflows
BlackRock's Bitcoin ETF offloaded 227 BTC, valued at $14.34 million, while Fidelity's ETF sold approximately 739 BTC for $46.82 million. The combined outflows represent the dominant share of the day's net Bitcoin ETF redemptions. Daily ETF flow figures have become a closely watched metric since the U.S. approval of spot Bitcoin ETFs in January 2024, offering a real-time window into institutional demand and redemption pressure that was previously difficult to observe.
Ethereum ETFs Attract Inflows
In contrast to Bitcoin's outflows, Ethereum ETFs recorded net inflows of 3,920 ETH, worth approximately $7.38 million. According to the same flow data, BlackRock's Ethereum ETF purchasing activity accounted for the 3,920 ETH in inflows. Notably, BlackRock appeared on both sides of the ledger—redeeming from its Bitcoin product while accumulating in its Ethereum product—a divergence that market participants monitor for shifts in relative institutional appetite between the two largest digital assets.
The divergence between Bitcoin and Ethereum ETF flows comes as Bitcoin trades near $63,690 and Ethereum trades around $1,890.
Broader ETF Flow Picture
Flow data for other U.S. spot crypto ETFs tracking assets including SOL, XRP, DOGE, BNB, AVAX, DOT, LTC, HYPE, LINK, and HBAR showed zero net flows on the same day, indicating no net creation or redemption activity across those products. The lack of movement across this broader suite suggests that institutional engagement remains concentrated in Bitcoin and Ethereum ETFs, which continue to account for the overwhelming majority of spot crypto ETF trading volume and assets.
The combined net outflow across all U.S. spot crypto ETFs was approximately $53.78 million after accounting for the Ethereum inflows.
