Bitcoin ETFs Extend Three-Day Streak of Withdrawals

U.S. spot Bitcoin exchange-traded funds (ETFs) saw a net outflow of approximately $56.2 million on August 14, marking the third consecutive trading day of withdrawals. This follows a period of sustained accumulation that had pushed total net inflows to over $17 billion since January.

The recent streak has trimmed some of the gains from earlier in the year. BlackRock's IBIT and Fidelity's FBTC were among the top outflowing funds, with approximately $55.5 million and $6.8 million leaving these funds respectively.

However, Bitwise's BITB bucked the trend, recording a modest net inflow of $6.1 million. The three-day cumulative outflow now stands at roughly $180 million, according to Farside data.