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PiCK

US Spot Bitcoin ETFs See $57.63 Million of Net Outflows

Source
Doohyun Hwang

Summary

  • The US spot Bitcoin ETF market recorded $57.63 million in net outflows for a third straight trading day.
  • BlackRock's IBIT saw $55.51 million in net outflows, while Fidelity's FBTC posted $6.84 million and Hashdex's DEFI recorded $1.42 million in net outflows.
  • Bitwise's BITB logged $6.14 million in net inflows, while Grayscale's GBTC, ARK Invest's ARKB, VanEck's HODL and Morgan Stanley's MSBT saw no change in flows.

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Photo: SoSoValue
Photo: SoSoValue

US-listed spot Bitcoin exchange-traded funds posted net outflows for a third straight trading day.

The 13 spot Bitcoin ETFs listed in the US recorded combined net outflows of $57.63 million on Aug. 14, according to final data from SoSoValue.

BlackRock's IBIT accounted for most of the withdrawals, with $55.51 million leaving the fund in a single day. Fidelity's FBTC posted net outflows of $6.84 million, while Hashdex's DEFI saw $1.42 million in outflows.

By contrast, Bitwise's BITB recorded net inflows of $6.14 million, the only fund to attract fresh money that day. Most of the remaining major ETFs, including Grayscale's GBTC and BTC, ARK Invest's ARKB, VanEck's HODL and Morgan Stanley's MSBT, saw no fund flows.

#Bitcoin ETF
Doohyun Hwang

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀

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