Bitcoin ETFs Suffer Largest Weekly Outflow in Six Weeks

Spot Bitcoin ETFs saw significant outflows last week, losing about $390 million in net withdrawals. This is the largest weekly withdrawal in six weeks and a reversal of the prior week's inflow of more than $850 million.

The week of August 10-14 saw redemptions on four out of five sessions, with Fidelity's FBTC leading the way at about $153 million. The rest of the roughly $390 million in withdrawals sat across the complex.

According to both SoSoValue and Bloomberg, the two source tallies agree to a rounding error, with the week totaling around $389.71 million and $389.7 million respectively.