Crypto
U.S. Spot Bitcoin ETFs Post Largest Net Outflow Since Launch
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a net outflow of approximately $61.1 million on Monday, August 12, according to data from Farside Investors.
This reversal came just one day after the funds posted net inflows, highlighting the volatile sentiment that continues to characterize the digital asset market.
The largest outflows were seen in Fidelity's FBTC, with $46.8 million leaving the fund, and BlackRock's IBIT, which saw $14.3 million in net redemptions.
Other major spot Bitcoin ETFs reported no significant flows on the day, but this does not necessarily indicate a sustained trend.