Spot Bitcoin ETFs Record Largest Net Outflow Since May
On Tuesday, August 3, US Bitcoin ETFs continued to record capital outflows. According to data from SosoValue, 12 spot bitcoin ETFs recorded a net outflow of $287.78 million, the largest net outflow since May 1.
BlackRock's IBIT, the largest bitcoin ETF, was flat for the day.
Grayscale's GBTC lost $50.39 million, while Fidelity's FBTC saw the biggest outflows of $162.26 million. Ark's ARKB and 21Shares saw $33.6 million in outflows, and Bitwise's BITB lost $24.96 million. Other ETFs managed by VanEck, Valkyrie, Invesco and Franklin Templeton, also showed small outflows.
The sharp outflows came amid a sell-off in the market as Wall Street indexes fell sharply on Tuesday amid weak US business activity data. $ETH
