Record-breaking exit of $331 million from Fidelity triggers the second-largest daily withdrawal in the history of the Spot Bitcoin ETF
In the world of cryptocurrency, August 2025 saw a notable change in the trend as several Bitcoin Exchange-Traded Funds (ETFs) experienced outflows, following strong inflows in July.
Leading the outflows was Fidelity's FBTC with a significant $331.42 million outflow. This was followed by ARK Invest's ARKB and Grayscale's GBTC, which recorded outflows of $327.93 million and $66.79 million respectively.
One of the most impacted ETFs was BlackRock's iShares Bitcoin Trust (IBIT), which holds the largest assets among individual ETFs at $84.09 billion. IBIT posted a daily outflow of $2.58 million, while trading $4.54 billion with a 3.17% daily loss. This marked a shift from the previous month, where IBIT had seen a large two-month inflow of $2.6 billion.
Despite these outflows, the cumulative net inflows remain at $54.18 billion, with total net assets at $146.48 billion. Other ETFs, such as WisdomTree's BTCW, VanEck's HODL, and Franklin's EZBC, also experienced outflows, although their cumulative net inflows remain positive.
Trading volumes varied widely, with IBIT leading the pack at $4.54 billion, followed by ProShares Bitcoin Strategy ETF (BITB) at $203.78 million. Ark Invest and 21Shares' ARKB ETF had a $327.93 million daily outflow, holding $5.18 billion in net assets and trading $178.73 million in volume.
Grayscale's GBTC traded $353.44 million in value and fell 3.15% in market price. Bitwise's BITB fund experienced a $38.27 million outflow with $4.59 billion in assets and a 3.12% loss.
The outflows were accompanied by a price drop in Bitcoin from about $119,800 to $114,500, and indications of leveraged position unwinding among large investors. This suggests that institutional investors may be taking profits or reducing risk in their Bitcoin holdings.
Despite these outflows, the top-performing Bitcoin ETFs include BlackRock’s IBIT (iShares Bitcoin Strategy ETF), ProShares Bitcoin Strategy ETF (BITO), Valkyrie Bitcoin Miners ETF (WGMI), and Global X Blockchain & Bitcoin Strategy ETF (BITS), among others focusing on Bitcoin futures or mining stocks.
The recent shift in market sentiment serves as a reminder of the volatility inherent in cryptocurrency investments. As always, it's crucial for investors to stay informed and make decisions based on their risk tolerance and financial goals.
[1] Source: CoinDesk [2] Source: Bloomberg [4] Source: Yahoo Finance
- Amidst the outflows in cryptocurrency Exchange-Traded Funds (ETFs) in August 2025, such as Fidelity's FBTC, ARK Invest's ARKB, and Grayscale's GBTC, technology-based finance and investing continue to play a significant role in shaping the future of cryptocurrency.
- Despite the outflows experienced in various Bitcoin ETFs, like BlackRock’s IBIT, ProShares Bitcoin Strategy ETF (BITB), VanEck's HODL, and Franklin's EZBC, the volatility in cryptocurrency investments underscores the importance of staying informed and making investment decisions based on individual risk tolerance and financial goals.
