Investors pulled out of American Bitcoin trading late last week, ending a seven-day winning streak.
Data from Farside Investors shows that $475 million was redeemed for trading money during trading hours on Thursday and Friday, with BlackRock’s iShares Bitcoin Trust doing most of the trading.
The appetite for risk also seemed to be back: in seven days, from July 14-22, funds managed by Fidelity, Morgan Stanley, and Grayscale, took less than $ 1 billion in new funds: $ 999.3 million.
The influx of new coins raises the price of Bitcoin. The leading cryptocurrency then dipped on the upside but is now flat on seven days. Bitcoin price soon and $64,544.
Year-to-date, Bitcoin has fallen by 26% and the cryptocurrency has lost almost 50% of its value since it reached a new record of $126,080 in October.
The ETFs – approved after almost ten years of resistance by the Securities and Exchange Commission in 2024 – have helped Bitcoin’s rise in value as money on Wall Street is now the easiest way to buy in the crypto space.
Despite the money cashing out of major crypto currencies, the newest on the market, Morgan Stanley’s Bitcoin Trust, met with investors of about $9 million on Thursday and Friday.
The fund, which started in April, is now close $400 million in assets under management – making it one of the best-performing ETFs in 2026.
Although experts have called Bitcoin’s down, others have said that the uncertainty around the war in the Middle East and rising oil prices can back the cryptocurrency to make a rebound.
European asset management firm CoinShares said earlier this month that while investors have returned to investing in new Bitcoin ETFs, other factors could keep financial markets from rising.
