Bitcoin ETFs Log $32M in Partial Outflows as BTC Slides Below $62,500; USDT Supply Contracts $1.2B

Spot crypto ETFs registered $31.6 million in net outflows in Tuesday's partially settled session, with Fidelity's FBTC leading redemptions at $24.9 million. Bitcoin traded at $62,253 Wednesday morning, down 1.8% over 24 hours, while a $1.2 billion contraction in Tether's supply pointed to sidelined capital leaving the system.

ETF Flows Recap

Spot crypto ETFs recorded -$31.6M ↓ in net outflows during Tuesday's settled session, according to InflowScan data. Fund coverage remains partial as issuer reports continue to filter in, so the figure will firm up over the next 24 hours.

Fidelity's FBTC drove the bulk of the redemptions, with ARK's ARKB the only other reporting fund on the outflow side. Solana products showed a small offset via Fidelity's newer FSOL.

FBTC (Fidelity): -$24.9M ↓
ARKB (ARK Invest): -$8.4M ↓
FSOL (Fidelity): +$1.7M ↑

With BlackRock's IBIT and the balance of the ETH and XRP complexes yet to report, the shape of Tuesday's tape is provisional. What is visible so far is consistent with light profit-taking in the two largest bitcoin products rather than a coordinated exit — no ETH or XRP fund has yet posted numbers that would suggest broader rotation.

Asset Price Analysis

Bitcoin trades at $62,253, down -1.8% ↓ over 24 hours but still +13.7% ↑ on the month. The 24-hour pullback puts the tape back inside the mid-$62,000s after a stretch that carried spot toward $64,000 late last week; the 30-day print keeps the broader trend intact.

Ether is the notable laggard. ETH changes hands at $1,746.86, down -1.4% ↓ on the day and -3.7% ↓ over seven sessions — the only major to post a negative weekly print. That underperformance versus BTC (-0.6% weekly) and SOL (+9.2% weekly) is worth flagging as ETH ETF flow data settles later today.

Solana at $77.51 gave back -3.8% ↓ in the last 24 hours but remains the strongest weekly performer of the four. XRP at $1.09 is off -2.3% ↓ on the day, holding a positive weekly and monthly print. The cross-asset picture — BTC and SOL up on the month, ETH the drag — is consistent with the ETF flow pattern InflowScan data has shown building through late June, where BTC and SOL products absorbed the lion's share of new capital.

Stablecoin Flows

Stablecoin aggregates diverged sharply in the last 24 hours, per InflowScan data. USDT supply contracted by -$1.21B ↓ to $183.0B, while USDC added +$144M ↑ to reach $73.4B. A billion-dollar Tether redemption on a session where spot pulled back is consistent with capital leaving the trading system rather than rotating between venues — a pattern historically associated with cooler risk appetite into the following session.

Outlook

The main data point to watch today is the full settlement of Tuesday's ETF flows, particularly the BlackRock complex. IBIT's print will determine whether the -$32M partial figure widens into a more meaningful outflow day or compresses toward flat. On the ether side, ETHA's number carries added weight given the asset's 3.7% weekly underperformance.

Key price levels: BTC holds the $62,000 handle for now, with the $60,000 round number the next reference point below. ETH's inability to defend $1,800 puts $1,700 in focus. The USDT supply contraction is the read to monitor — a second consecutive day of sub-$183B prints would suggest the dry-powder story that carried BTC through June is fading.