Bitcoin ETFs Witness Largest Weekly Outflows Since Late June

Spot Bitcoin ETFs in the US have seen their largest weekly outflows since late June, signaling renewed caution among investors. According to Bloomberg, the 13 US-listed spot Bitcoin ETFs recorded net outflows of $389.7 million during the week of August 10.

This shift reflects weakening sentiment around Bitcoin, which has struggled to regain momentum and is trading around $63,000, roughly 50% below its record high reached in October last year.

Concerns about interest rates and a lack of progress on the proposed US Clarity Act, which seeks to establish a regulatory framework for the crypto market, have added to investor uncertainty.