$265 Million in Net Outflows as US Spot-Bitcoin ETFs Take Hit

US spot-Bitcoin exchange-traded funds (ETFs) posted significant net outflows on August 31. According to crypto data platform SoSoValue, the 13 US-listed spot-Bitcoin ETFs recorded combined net outflows of $265.37 million. BlackRock's IBIT led the declines with $122.66 million leaving the fund in a single day, accounting for nearly half of the total.

Fidelity's FBTC saw net outflows of $54.78 million, while Grayscale's GBTC posted net withdrawals of $52.63 million. Bitwise's BITB and ARK 21Shares' ARKB also logged net outflows of $17.77 million and $17.54 million respectively.

The remaining eight products recorded no inflows or outflows.