Significant Outflows in US Bitcoin and Ethereum ETFs
8/3/2024 3:58:25 AM
According to Spot On Chain, US ETFs experienced significant outflows on August 2nd, with $237 million withdrawn from Bitcoin ETFs and $54 million from Ethereum ETFs. This marks the largest Bitcoin ETF outflow since May 2nd. Over the week, 10 US Bitcoin ETFs saw a combined outflow of $80.7 million, with outflows occurring on two out of five trading days. Notably, eight US Bitcoin ETFs, excluding BlackRock's IBIT, were affected. (Source)
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