Bitcoin’s ETF rebound just lost 38% of its gains in four sessions as BTC fell below $63,000

Morgan Stanley’s Bitcoin Trust and Grayscale’s Bitcoin Mini Trust ETF were the only US spot Bitcoin funds to attract capital on Aug. 13, offsetting part of a broad withdrawal that pushed the group to $131.1 million in net outflows for the session.

Morgan Stanley Bitcoin Trust added $7.1 million, while Grayscale’s smaller Bitcoin fund took in $38.9 million, according to SoSoValue data. Their combined $46.0 million of inflows contrasted with $177.1 million of gross outflows across seven other products.

The divergence was particularly sharp within Grayscale’s own lineup. GBTC lost $36.3 million, but the Mini Trust’s inflow was large enough to leave the asset manager’s two products a combined $2.6 million positive for the day.

This outflow comes as Bitcoin dropped below $63,000 to as low as $62,487 during the last 24 hours, per CryptoSlate's data.

Fidelity and ARK drive broad redemptions

The positive flows into Morgan Stanley and Grayscale’s Mini Trust came as withdrawals spread across most of the US spot Bitcoin ETF complex.

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