U.S. spot bitcoin exchange-traded funds reported an overall net loss of $94 million in August after a fourth straight day of net outflows on Friday.
Despite an eight-day streak of positive net inflows, U.S. spot bitcoin exchange-traded funds ended August in the negative, recording a total net outflow of about $94 million.
That amount falls within the realm of a single good or bad day, according to SoSoValue data. Spot bitcoin ETFs generated more than $250 million on Aug. 23, their best day of the month, while the funds lost $237 million on Aug. 2, their worst day.