📢 News from the world of cryptocurrency and blockchain! 📢

🔹 For the third day in a row, there have been outflows from spot Bitcoin ETFs in the US. According to SoSoValue, 12 funds recorded an outflow of $71.73 million on August 29.

🔹 Fidelity’s FBTC led the way in outflows with $31.1 million, while Grayscale’s GBTC lost $22.7 million.

🔹 BlackRock’s IBIT, the largest spot Bitcoin ETF, saw its first outflow since May 1, at $13.5 million, but the fund’s total inflows remain at $20.91 billion.

🔹 The only fund with an inflow was Ark and 21Shares’ ARKB, which attracted $5.3 million.

🔹 Trading volume for 12 spot Bitcoin ETFs fell to $1.64 billion on August 29.

🔹 Spot Ethereum ETFs also returned to negative flows, recording outflows of $1.77 million.

🔹 Grayscale's ETHE lost $5.3 million, partially offset by a $3.6 million inflow into the Grayscale Ethereum Mini Trust.

🔹 Trading volume for 9 Ethereum ETFs fell to $95.91 million.

💬 Share your thoughts in the comments! What do you think is next for the market? 💬