PiCK
US Spot Bitcoin ETFs Post $390 Million in Net Outflows Last Week; Ethereum Funds Also See Withdrawals
Suehyeon Lee
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds posted net outflows of $390 million in the week ended Aug. 14, according to Wu Blockchain on Aug. 17.
Fidelity’s FBTC recorded the biggest net outflow among the Bitcoin ETFs, with $153 million leaving the fund.
US spot Ethereum ETFs also saw net outflows of $2.26 million over the same period. BlackRock’s ETHA posted the largest withdrawal, with net outflows of $16.3944 million.
Bitcoin was trading at $63,492.12 on Binance's USDT market, up 0.57% from a day earlier, while Ether rose 1.06% to $1,903.59.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.