ARK's Bitcoin ETF Sees Record One-Day Outflow of $115 Million

ARK's flagship Bitcoin ETF, ARKB, experienced a significant one-day outflow of $114.9 million on August 31, bringing its assets under management to around $2.68 billion.

This represents about 4.3% of AUM, a notable pullback that may indicate investors taking profits after Bitcoin's recent rally.

The underlying asset, BTC-USD, currently trades at $76,678.68 and has seen a 20% increase in the past three months, highlighting its strong medium-term uptrend despite short-term volatility.

ARKB's sizeable withdrawal follows a period of rising digital asset volatility, during which institutional players often rebalance their exposure using liquid vehicles like spot Bitcoin ETFs.