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Strongest net outflow in history for Spot ETFs, Bitcoin loses 812 million USD in one day
On August 1, Bitcoin spot ETFs experienced a total net outflow of up to 812 million USD, marking the second largest capital withdrawal day in history. Leading the way was Fidelity's FBTC fund with a net outflow of 331 million USD. Other funds such as Grayscale's GBTC and BlackRock's IBIT also recorded significant negative cash flows.
Not only Bitcoin, but Ethereum spot ETFs also faced capital withdrawal pressure with a total net outflow of 152 million USD, ending a 20-day consecutive net inflow streak – the longest since these products were launched.
Strongest net outflow in history for Spot ETFs, Bitcoin loses 812 million USD in one day
On August 1, Bitcoin spot ETFs experienced a total net outflow of up to 812 million USD, marking the second largest capital withdrawal day in history. Leading the way was Fidelity's FBTC fund with a net outflow of 331 million USD. Other funds such as Grayscale's GBTC and BlackRock's IBIT also recorded significant negative cash flows.
Not only Bitcoin, but Ethereum spot ETFs also faced capital withdrawal pressure with a total net outflow of 152 million USD, ending a 20-day consecutive net inflow streak – the longest since these products were launched.