US spot bitcoin ETFs see biggest single-day outflow in 90 days | Headlines | News | CoinMarketCap

08/04/2024 02:54
US spot bitcoin ETFs see biggest single-day outflow in 90 days | Headlines | News | CoinMarketCap

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 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 …

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