‘BlackRock Dumped $185M in Bitcoin’ Claim Fuels ETF Panic as Trading Hits Cycle Lows
US spot Bitcoin (BTC) ETF outflows reached roughly $430 million on July 13. Fidelity’s FBTC misplaced $246.3 million and BlackRock’s IBIT shed $186.1 million, in response to Glassnode knowledge.
The redemptions hit a market already buying and selling at its quietest ranges this cycle. ETF volumes have collapsed 78% from their peak, and analysts warn that focus has rotated to different asset lessons.
ETF Trading Volumes Collapse 78% From Peak
Glassnode’s 30-day shifting common of every day buying and selling quantity throughout US spot Bitcoin ETFs now sits at $1.25 billion. That marks a 78% collapse from the $5.8 billion peak recorded in late 2025.
Activity has additionally slipped beneath 2024 ranges. BlackRock’s IBIT nonetheless accounts for a lot of the remaining turnover. However, even its share has thinned in latest months.
The on-chain analytics agency framed the slowdown as a lack of consideration slightly than a brief lull. Glassnode shared the commentary in a post on X:
“Trading exercise in US spot ETFs sits in a quiet regime. Volumes are down 78% from the height and beneath 2024 ranges. A sustained restoration in $BTC worth momentum would doubtless require consideration and market participation to return from different asset lessons.”
Bitcoin ETF Outflows Top $430 Million in One Day
Monday’s session confirmed how one-sided flows have turn into. Fidelity’s FBTC led the exit with $246.3 million in redemptions. IBIT adopted with $186.1 million, whereas VanEck’s HODL bucked the development with a $3.5 million influx.
Grayscale’s GBTC and Franklin Templeton’s EZBC posted smaller losses. Combined, the funds bled roughly $430 million in a single day.
The IBIT determine drew loud reactions. Evan Luthra, entrepreneur and BeInCrypto Experts Council member, reacted to the information in a post on X.
The framing deserves nuance, nevertheless. ETF outflows replicate buyers redeeming shares, which forces issuers to promote bitcoin held in belief. BlackRock didn’t liquidate a proprietary place, and Fidelity’s outflow was the bigger of the 2.
The reversal additionally stings due to its timing. Bitcoin funds had simply attracted $197.4 million in internet inflows throughout the week ending July 10, snapping eight straight dropping weeks. June, in distinction, produced report month-to-month outflows of $4.5 billion.
BTC Price Prediction Hinges on the $58,000 Support
BTC trades close to $64,681, up 4.4% over the previous 24 hours, per BeInCrypto market knowledge. Glassnode’s flows chart tracks the token’s slide from roughly $78,000 in mid-May to a June 30 low close to $58,000.
That $58,000 space stays the extent to defend. A every day shut beneath it might put the cycle ground close to $57,500 in play, roughly an 11% drop from present costs.
On the upside, bulls should reclaim $68,000, the zone the place the early June breakdown started. A restoration above that degree would counsel institutional demand is returning after a two-month drought.
There are early indicators of absorption elsewhere. Long-term holders flipped again to accumulation on July 11 and 12, including a internet 5,912 BTC.
Sustained constructive flows and a quantity restoration would verify renewed participation. Until then, BTC both rebuilds momentum above $68,000 or retests $58,000 with little institutional cushion beneath it.
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