Bitcoin’s ETF rebound just lost 38% of its gains in four sessions as BTC fell below $63,000
According to SoSoValue data, US spot Bitcoin ETFs saw $131.1 million in net outflows on Aug. 13 as most products recorded redemptions. Bitcoin fell below $63,000, reversing part of a prior inflow rebound. Morgan Stanley’s Bitcoin Trust added $7.1 million and Grayscale’s Mini Trust $38.9 million, offsetting larger outflows such as ARK 21Shares’ $58.8 million and Fidelity’s FBTC $55.1 million.
How this was made
The 30-second read
Why it matters
Net outflows of $131.1 million on Aug. 13 erased about 38% of the prior week’s ETF rebound, with only Morgan Stanley’s trust and Grayscale’s Mini Trust attracting new capital.
Market read
For traders, the actionable signal is the flow regime shift: broad redemptions returned on Aug. 13 even as a couple of funds stayed net buyers.
What to watch
The article ties flows to BTC trading below $63,000, but does not separate whether redemptions are driven by hedging, tax/portfolio rebalancing, or product-specific liquidity differences.
Background
The piece reports US spot Bitcoin ETF flow data from Aug. 10 to Aug. 13 and notes BTC slipping below $63,000 during the same window.
Ticker impact
BlackRock’s IBIT posted a $5.7 million net outflow on Aug. 13, showing even typically strong inflow products ended negative.
Near-term pressure on ETF flow-sensitive BTC exposure, with follow-through dependent on next session’s net flow split.
The article provides same-day net flow figures by product; IBIT’s negative print reduces the odds that outflows were isolated to weaker issuers.
Fidelity’s FBTC recorded a $55.1 million outflow on Aug. 13, contributing heavily to the day’s broad redemptions.
Potential continuation of outflow pressure if the next session does not restore inflows.
The text quantifies FBTC’s outflow and ties it to the broader complex’s $131.1 million net outflow for the session.
ARK 21Shares Bitcoin ETF (ARKB) had the largest outflow at $58.8 million on Aug. 13, driving most of the day’s redemption volume.
Higher probability of continued volatility in BTC-linked ETF flows until a new inflow catalyst appears.
The article explicitly ranks ARKB’s outflow as largest and states it accounted for 64.3% of gross outflows among the seven withdrawing funds.
Bitwise’s BITB shed $9.3 million on Aug. 13, adding to the breadth of redemptions across the spot Bitcoin ETF lineup.
Flow-driven downside risk to BTC exposure if breadth persists in the next completed session.
BITB’s outflow is smaller than ARKB and FBTC, so its standalone signal is weaker, though it confirms breadth.
Invesco’s BTCO lost $7.9 million on Aug. 13, further evidencing widespread ETF redemptions.
Limited incremental signal, but contributes to the probability of continued outflows if BTC remains below $63,000.
The article provides the outflow amount but does not indicate any fund-specific catalyst for BTCO.
WisdomTree’s BTCW recorded a $4.0 million outflow on Aug. 13, participating in the broad redemption pattern.
Marginal impact individually, but supports a bearish flow regime for the complex.
BTCW’s outflow is relatively small and the article does not provide additional fund-specific context.
Grayscale’s GBTC saw $36.3 million in outflows on Aug. 13, contrasting with inflows into Grayscale’s Mini Trust.
Near-term relative underperformance risk for GBTC versus Mini Trust if the split persists.
The article quantifies both GBTC outflows and Mini Trust inflows, explicitly describing the divergence.
Morgan Stanley’s Bitcoin Trust added $7.1 million on Aug. 13, making it one of the few funds to attract fresh capital.
Limited direct equity impact; any effect would be indirect via sentiment toward BTC ETF flows.
The article reports trust-level flows, not Morgan Stanley equity fundamentals or guidance.
Market effects
Broad, multi-issuer outflows ($131.1 million net) indicate weakening demand for spot Bitcoin ETF exposure despite pockets of inflow.
US-listed spot Bitcoin ETFs show synchronized redemptions, reinforcing US-driven flow sensitivity for BTC-linked positioning.
US ETF flow deterioration can spill into global BTC sentiment and derivatives positioning, especially when BTC trades below $63,000.
Counterpoint
The inflow split (Morgan Stanley trust and Grayscale Mini Trust positive) could mean investors are rotating to specific structures rather than exiting BTC exposure entirely.
Key entities
- cryptoBitcoin
BTC fell below $63,000 (to about $62,487) as ETF withdrawals extended over four sessions.
- etf_trustMorgan Stanley Bitcoin Trust
Added $7.1 million on Aug. 13, one of the only positive-flow products.
- etf_trustGrayscale Bitcoin Mini Trust ETF
Took in $38.9 million on Aug. 13, offsetting part of broader outflows.
- sectorUS spot Bitcoin ETF complex
Posted $131.1 million net outflows on Aug. 13, with $332 million net outflows across four sessions.




