PiCK
US Spot-Bitcoin ETFs See $144.6 Million of Net Outflows, Snapping Five-Day Inflow Streak
Suehyeon Lee
Summary
- U.S. spot-Bitcoin ETFs posted total net outflows of $144.6 million.
- U.S. spot-Bitcoin ETFs shifted to net outflows after five straight trading days of net inflows.
- BlackRock's IBIT, Fidelity's FBTC, Bitwise's BITB, Franklin Templeton's EZBC and Grayscale's GBTC posted outflows, while Grayscale Mini BTC recorded net inflows.
Forecast Trend Report by Period
U.S. spot-Bitcoin exchange-traded funds swung to net outflows.
Trader T data showed on August 11 that U.S. spot-Bitcoin ETFs posted combined net outflows of $144.6 million a day earlier. That ended a streak of net inflows over the previous five trading sessions.
BlackRock's IBIT led the outflows at $53.6 million. Fidelity's FBTC lost $40.3 million, while Bitwise's BITB saw $28.4 million leave the fund.
Franklin Templeton's EZBC posted outflows of $7.4 million, and Grayscale's GBTC shed $52 million.
By contrast, Grayscale Mini BTC recorded net inflows of $37.1 million. The remaining products showed no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.