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Crypto

Bitcoin ETFs Witness $61M Net Outflow After Prior Day's Influx

Guavy AI Editorial Team
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BTC
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U.S. spot Bitcoin ETFs recorded net outflows of approximately $61.1 million on August 12, marking a reversal from the previous day's inflows. The outflow comes as Bitcoin slipped about 1% on the same day.

Fidelity's FBTC led the outflows with $46.8 million leaving the fund, while BlackRock's IBIT saw $14.3 million in net redemptions. Other major spot Bitcoin ETFs reported no significant flows on the day.

The reversal underscores the volatile sentiment that continues to characterize the digital asset market. Despite the outflow, the total assets held by U.S. spot Bitcoin ETFs exceed $50 billion.

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