U.S. Bitcoin exchange-traded funds closed out last week with a sharp swing in investor flows, as more than $475 million was redeemed from the products during Thursday and Friday trading, ending a seven-day winning streak.
Data from Farside Investors, cited in a report by Bitcoin Magazine, showed that the withdrawals came after a period of renewed demand. From July 14 to July 22, the funds took in $999.3 million in fresh investment across products managed by firms including Fidelity, Morgan Stanley, and Grayscale.
Bitcoin Magazine said BlackRock’s iShares Bitcoin Trust handled most of the trading activity during the late-week move.
Flows reversed after a week of strong demand
The earlier burst of inflows had put upward pressure on Bitcoin’s price. The cryptocurrency later dipped as the outflows hit, though the report said it was broadly unmoved over a seven-day period.
Bitcoin recently stood at $64,544, according to the report. Year to date, it is down more than 26%, and it has lost nearly 50% since reaching a record high of $126,080 in October.
ETF approvals and one fund still drawing money
The report noted that the ETFs were approved in 2024 after nearly a decade of denials by the U.S. Securities and Exchange Commission. Those products have helped push Bitcoin higher by giving Wall Street investors a simpler way to gain exposure to the crypto market.
Even as investors pulled money from major crypto funds, one of the newer products still posted gains. Morgan Stanley’s Bitcoin Trust recorded nearly $9 million in inflows on Thursday and Friday.
The fund debuted in April and now has close to $400 million in assets under management. Bitcoin Magazine described it as one of the most successful ETFs of 2026.
Other factors remain in focus
The report added that, while some analysts have called a bottom for Bitcoin, others said uncertainty tied to war in the Middle East and higher oil prices may keep the cryptocurrency from staging a rebound.
Earlier this month, European asset manager CoinShares said that even though investors have returned to Bitcoin ETFs with fresh cash, other factors may still prevent digital asset markets from moving higher.
This story first appeared in Bitcoin Magazine and was written by Mathew Di Salvo.