Bitcoin ETFs See $131M Net Outflow as Withdrawal Pace Picks Up

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded significant net outflows of approximately $131.1 million on Aug. 13, according to data from Farside Investors.

This marks the second consecutive day of net withdrawals, with the pace accelerating from the previous session.

The outflows were broad-based, affecting most major funds, including ARK Invest's ARKB and Fidelity's FBTC, which saw $58.8 million and $55.1 million in outflows respectively.

However, two funds, Morgan Stanley's MSBT and Grayscale's Mini BTC, reported net inflows of $7.1 million and $38.9 million respectively, partially offsetting the broader outflows.