Bitcoin ETF Gains Erased 38% as BTC Drops Below $63,000

Woofun AI reports that Bitcoin ETF momentum stalled as BTC fell below $63,000, triggering significant withdrawals from ARK 21Shares, Fidelity, Bitwise, Invesco, BlackRock, WisdomTree, Morgan Stanley, Grayscale, and the Mini Trust.

The price action dipped to $62,487, coinciding with ARK 21Shares recording the largest outflow at $58.8 million and Fidelity's FBTC shedding $55.1 million. These two entities accounted for $113.9 million, representing 64.3% of gross outflows among the seven funds posting withdrawals. Bitwise's BITB lost $9.3 million, Invesco's BTCO dropped $7.9 million, BlackRock's IBIT saw a $5.7 million outflow, and WisdomTree's BTCW declined by $4.0 million on Aug. 13.

Woofun AI data shows that the $332.0 million withdrawal erased 38% of the $853 million attracted during the previous week's rebound. This reversal left the combined flows for this month at a net positive of $521 million, marking a clear shift from the prior sessions without constituting an uninterrupted outflow streak.

The Aug. 13 split, where Morgan Stanley and Grayscale's Mini Trust attracted capital while competitors lost assets, highlights a divergent market structure. Whether this divergence persists or proves temporary will be determined by the next completed session.