Affected by the sharp decline in the cryptocurrency market, the U.S. Bitcoin spot ETF suffered heavy losses last week, with net outflows exceeding US$700 million in a single week. The total assets of 12 funds shrank to US$48.24 billion, the first time in the past month that they fell below The $50 billion mark, touching its lowest level since May 1.

According to SoSo Value data, as of September 6, Eastern Time, the U.S. Bitcoin spot ETF has recorded net outflows for the eighth consecutive trading day, with a total loss of nearly 1.2 billion US dollars. This was only in 4 trading days last week. (Monday closed), as much as US$706 million was withdrawn, and capital trends showed a "one-sided" pessimistic atmosphere. No fund received a net inflow of funds last week.

The Bitcoin spot ETFs that suffered the most losses last week were Fidelity’s FBTC, which had a net outflow of US$404 million in a single week; Grayscale’s GBTC, which had a net outflow of US$160 million in a single week; ARK Invest ARKB, jointly launched with 21Shares, had a net outflow of US$40.82 million in a single week; while IBIT, a subsidiary of BlackRock, had "zero" capital flows for four consecutive days.

Ethereum spot ETFs also took a hit

At the same time, the performance of U.S. Ethereum spot ETFs was also poor. After nearly $6 million was withdrawn last Friday, the total assets of these nine funds fell to $6.09 billion, a record low. US$10.24 billion, a decrease of approximately 41%.

Since September, U.S.-listed Ethereum spot ETFs have seen cumulative net outflows of $91 million.

〈The U.S. Bitcoin spot ETF lost $700 million last week! Total assets fell below 50 billion US dollars, hitting a 4-month low> This article was first published on "Block Guest".