U.S. Spot-Bitcoin ETFs See Massive Net Outflows After Brief Inflow Period
U.S. spot-Bitcoin exchange-traded funds (ETFs) recorded significant net outflows in a recent development.
According to data from Farside Investors, U.S. spot-Bitcoin ETFs saw total net outflows of $61.1 million on August 13, following one day of net inflows.
Fidelity's FBTC product experienced the largest withdrawal, with $46.8 million in net outflows, while BlackRock's IBIT saw net outflows of $14.3 million.
The remaining U.S. spot-Bitcoin ETFs recorded no net flows for the day.