Woofun AI reports that U.S. spot Bitcoin exchange-traded funds experienced a net capital exodus of $95.3 million on July 9, with Fidelity’s Wise Origin Bitcoin Fund (FBTC) and Ark Invest and 21Shares’ ARKB Bitcoin ETF driving the majority of the activity. This movement marks the second consecutive trading day of withdrawals, according to data from investment research firm Farside Investors.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) accounted for the largest single-day outflow, with $63.3 million exiting the fund. Ark Invest and 21Shares’ ARKB Bitcoin ETF followed closely, reporting $39.9 million in net withdrawals. These two funds accounted for the majority of the day’s total outflows, while other spot Bitcoin ETFs reported minimal or no net activity.

The two-day total of approximately $142 million in withdrawals suggests a cautious shift in institutional sentiment, though it remains too early to determine whether this signals a broader trend reversal. Bitcoin’s price traded near the $57,000 range during the period, reflecting some selling pressure but no dramatic price dislocation. Per Woofun AI, the current data point represents a relatively small fraction of the total assets under management across U.S. spot Bitcoin ETFs, which collectively hold tens of billions of dollars.

Sustained outflows can indicate reduced confidence or profit-taking, while inflows typically signal renewed demand. Investors and analysts will watch the coming days for signs of stabilization or further capital movement as the market digests broader macroeconomic conditions and crypto-specific developments.