Bitcoin ETFs Give Back $198M in Three Days as Fidelity Leads Withdrawals

Bitcoin ETF Outflows Reach $198 Million in Three Sessions

The $197.9 million net withdrawal is smaller than the preceding week’s $865.3 million intake, but it is a clear change in the immediate direction of the data. It also arrived as Bitcoin gave back ground from the $64,873 close recorded on Aug. 7, according to CoinGecko’s historical-price page.

The largest single negative reading was the $144.6 million total on Monday. BlackRock’s IBIT recorded a $53.6 million outflow, Grayscale’s GBTC had a $52 million outflow, Fidelity’s FBTC lost $40.3 million and Bitwise’s BITB posted a $28.4 million withdrawal. Grayscale’s Bitcoin Mini Trust added $37.1 million that day, partially offsetting the redemptions elsewhere.

Tuesday did not erase that pressure. The group showed a positive $7.8 million total, but the result was driven by a $50.2 million IBIT inflow that was offset by withdrawals from several competitors, including $16.5 million from Franklin Templeton’s EZBC, $11.5 million from ARK 21Shares’ ARKB and $10.3 million from VanEck’s HODL.

By Wednesday, the aggregate turned negative again. Farside reported $61.1 million of outflows, led by $46.8 million from FBTC and $14.3 million from IBIT. The other funds in the table showed no flow for that session, leaving the daily figure concentrated in two products.

Fund-flow totals are not a direct count of every Bitcoin purchase or sale. ETF shares can trade between investors on an exchange without a new creation or redemption, and the public figures do not reveal whether activity reflected a long-term allocation, a tactical trade, a portfolio rebalance or authorized-participant activity.

The comparison with the early-August result is still useful. The preceding week featured positive contributions from multiple issuers, although IBIT supplied about 80% of the total. The three latest sessions show a narrower and negative aggregate that followed directly after that burst of demand.

Fidelity FBTC Led Aug. 12 Withdrawals

FBTC recorded $91.2 million of net outflows across the three sessions, more than any other fund in the Farside breakdown. Its $40.3 million Monday redemption and $46.8 million Wednesday redemption outweighed the fund’s smaller $4.1 million outflow on Tuesday.

The Fidelity quote page for FBTC identifies the product as the Fidelity Wise Origin Bitcoin Fund. Farside’s figures do not say whether the reported redemptions were made by retail clients, advisers, institutions or market makers, so it would be inaccurate to treat the fund-level total as a single investor’s decision.

IBIT’s three-session total was a net $17.7 million outflow. Its $50.2 million inflow on Aug. 11 reduced the effect of the $53.6 million and $14.3 million outflows reported on Aug. 10 and Aug. 12. BlackRock says the trust seeks to reflect Bitcoin’s price through an exchange-traded product, while its product page listed about $47.34 billion in net assets as of Aug. 12.

The contrast between FBTC and IBIT underscores why the sector headline should be read with the fund-level table beside it. An aggregate outflow can be driven by a handful of products, while a large creation at another issuer can make a daily total look less negative without erasing the activity beneath it.

That distinction also separates ETF data from onchain supply signals. Daily Crypto Briefs previously tracked 49,000 BTC moving into exchanges, a separate measure of potential exchange liquidity. Neither dataset identifies every holder’s intent, and they should not be combined as though they describe the same transactions.

Bitcoin Near $63,000 as Fund Flows Reverse

Bitcoin’s market snapshot was subdued alongside the new flow figures. CoinGecko put the asset near $63,347, about $3,174 below its $66,521 close on July 22, while the 24-hour range showed that the token remained close to the lower end of the past week’s range.

The Crypto Fear & Greed Index read 29 on Aug. 13, classified as Fear. That was up from 27 a day earlier and 25 a week earlier, but it does not establish a causal relationship with ETF redemptions. The index measures a broader market-sentiment composite, not fund flows alone.

The week’s data is also incomplete. Farside listed zero reported flow for Aug. 13 when checked, indicating that the U.S. session’s fund data had not yet been published. Readers should distinguish that placeholder from a confirmed flat-flow day.

The next catalyst is the next completed-session table: whether the fund group returns to net creations, whether FBTC’s withdrawals persist and whether IBIT again provides an offset. The confirmed development so far is more limited but concrete: U.S. spot Bitcoin ETFs gave back $197.9 million across three sessions after a much larger positive week.