Bitcoin ETFs See Sudden Reversal in Investor Sentiment

The recent outflow of $201.9 million from U.S. spot bitcoin ETFs on August 28 was reversed on Monday, August 31, with a net inflow of $216.7 million.

This significant shift in investor sentiment occurred despite the absence of a U.S. session on August 29 and 30, which may have contributed to the reversal.

The main beneficiaries of this influx were IBIT and Fidelity's FBTC, which took in $205.9 million and $6.9 million respectively.