Bitcoin ETF · Bitcoin · CryptoSlate
Bitcoin’s ETF rebound just lost 38% of its gains in four sessions as BTC fell below $63,000
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Morgan Stanley’s Bitcoin Trust and Grayscale’s Bitcoin Mini Trust ETF were the only US spot Bitcoin funds to attract capital on Aug. 13, offsetting part of a broad withdrawal that pushed the group to $131.1 million in net outflows for the session.
Key facts
- ARK 21Shares Bitcoin ETF recorded the largest outflow at $58.8 million, followed by Fidelity’s FBTC at $55.1 million
- Morgan Stanley’s Bitcoin Trust and Grayscale’s Bitcoin Mini Trust ETF were the only US spot Bitcoin funds to attract capital on Aug
- This outflow comes as Bitcoin dropped below $63,000 to as low as $62,487 during the last 24 hours, per CryptoSlate's data
- The subsequent $332.0 million withdrawal erased about 38% of that gain, leaving the combined flows for this month at $521 million net positive
Summary
01 US spot Bitcoin ETFs posted $131.1 million in net outflows on Aug. 13, led by redemptions across most products. 02 Bitcoin fell below $63,000 as the four-day ETF withdrawal stretch erased about 38% of the prior week’s inflow rebound. 03 Morgan Stanley’s trust and Grayscale’s Mini Trust drew fresh cash, but the next session will test whether that split holds. Morgan Stanley Bitcoin Trust added $7.1 million, while Grayscale’s smaller Bitcoin fund took in $38.9 million, according to SoSoValue data.