Bitcoin ETFs Suffer Largest Outflow in Nine Days Amid Market Correction

U.S. spot-Bitcoin ETFs saw a significant reversal on August 28, after nine consecutive days of net inflows that totaled $3.044 billion.

The funds experienced combined net outflows of $201.81 million, which amounts to about 6.6% of the inflows recorded during the previous nine trading days.

The largest outflow was seen in Ark Invest and 21Shares' ARKB, with a loss of $114.89 million. Bitwise's BITB lost $49.69 million, while BlackRock's IBIT saw $33.40 million in net outflows. VanEck's HODL also shed $13.17 million.

Morgan Stanley's MSBT was the only product to experience an inflow of $9.34 million on August 28.