Crypto
Bitcoin ETFs See $202M Outflows Amid Price Dip
US spot Bitcoin ETFs experienced significant outflows on August 28, totaling $201.81 million.
This marked the end of a nine-day streak of inflows that had reached approximately $3 billion.
The total assets under management for the 12 listed ETFs fell below $100 billion to around $96.5 billion.
Bitcoin's price drop from above $81,000 to below $78,000 prompted institutional investors to reduce their exposure.
ARK 21Shares' ARKB saw the largest outflows of $114.89 million.