The 12 largest spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded their largest single-day outflows on Friday, August 2, in more than 90 days (60+ trading days) since May 1.
According to SoSoValue data, the total daily outflow level on August 2nd was $237.45 million, the highest since the $563.77 million outflow on May 1st, and the fourth-highest single-day outflow since the launch of the spot Bitcoin ETF in January.
Grayscale recently released Bitcoin Mini Trust ( Bitcoin
-0.69%
) was one of two ETFs to see inflows, with a small inflow of $9.88 million in additional funds. On the positive side, BlackRock’s IBIT saw inflows of nearly $43 million.
However, these inflows were offset by outflows of more than $100 million from Fidelity’s FBTC, around $81 million from Ark Invest and 21Shares’ ARKB, and less than $50 million from Grayscale’s GBTC, Bitwise’s BITB, and VanEck’s HODL. The remaining five funds were flat.
While the outflows during the day were large, the total volume traded was not unusual and the net asset value of all ETFs remained near historic highs, but the Bitcoin price continued to decline towards the $60,000 mark.
Ether ETFs recorded small outflows.
According to SoSoValue data, the nine currently listed U.S. spot ether ETFs saw $54 million in outflows on Friday, but that was the smallest single-day outflow recorded since these funds went public.
However, the fund’s total net assets are currently at an all-time low of $8.33 billion, down significantly from the all-time high of $10.24 billion reached on the first day of trading. The bulk of the outflows, $61 million, came from Grayscale’s ETHE, which also boasts the highest net asset value among spot ether ETFs at $6 billion.
Total volume traded in Ethereum ETFs also hit its second-lowest level on Friday, at $438 million, well below the $2.34 billion traded in Bitcoin ETFs.
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