US spot bitcoin ETFs see biggest single-day outflow in 90 days | Headlines | News | CoinMarketCap
08/04/2024 02:54The 12 spot bitcoin exchange-traded funds in the US logged their biggest single-day outflow on Friday, August 2, since May 1, over 90 days ago. …
The 12 spot bitcoin exchange-traded funds in the US logged their biggest single-day outflow on Friday, August 2, since May 1, over 90 days ago.
The total daily outflow level on August 2 was $237.45 million, the highest since May 1's $563.77 million outflows and the fourth highest single-day outflow since the launch of the spot bitcoin ETFs in January, according to SoSoValue data.
Grayscale's recently-launched Bitcoin Mini Trust (BTC) was one of only two ETFs to log an inflow, netting a modest $9.88 million in additional funds. BlackRock's IBIT, the other ETF on the positive side, saw inflows of nearly $43 million.
However, these inflows were offset by over $100 million in outflows from Fidelity's FBTC, about $81 million from Ark Invest and 21Shares’ ARKB, and sub-$5o …