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Bitcoin ETF Outflows Total $385M as Price Holds Near $63K

Guavy AI Editorial Team
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BTC
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Bitcoin's spot market activity has weakened over the past week, causing outflows from U.S. spot Bitcoin ETF products to reach $385.2 million through August 14.

Fidelity's Wise Origin Bitcoin Fund led the decline with $153.1 million in net redemptions, followed by BlackRock's iShares Bitcoin Trust at $78.9 million and ARK 21Shares Bitcoin ETF at $70.3 million.

These outflows reversed the earlier inflows of $865.3 million during the previous five trading sessions in early August.

The price of Bitcoin has remained range-bound near $63,500, with daily trading volume near $12.3 billion on August 17.

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