
Crypto ETF flows turned negative again as Bitcoin lost about $430 million, Ether slipped on Fidelity-led redemptions and Glassnode said subdued trading volumes may weigh on a stronger Bitcoin rebound.
US spot Ether ETFs logged a combined net outflow of $15.4092 million on July 13, Eastern Time, according to SoSoValue, with Fidelity’s FETH accounting for the full daily withdrawal. The category still held $9.458 billion in net assets, equal to 4.43% of Ethereum’s market capitalization, and cumulative net inflows of $10.958 billion, while FETH’s cumulative historical net inflow stood at $2.134 billion. Separately, US spot Bitcoin ETFs saw roughly $430 million in net outflows, with Fidelity’s FBTC and BlackRock’s IBIT driving most of the redemptions. Glassnode said ETF trading volumes have fallen 78% from their peak and are averaging $1.25 billion a day, underscoring softer participation after a brief return to inflows. Bitcoin was trading around $64,681, up 4.4% over 24 hours, while analysts said holding support above $58,000 remains important. Glassnode data also showed long-term holders added 5,912 BTC, suggesting accumulation is continuing even as ETF demand weakens.