Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»US Spot Bitcoin ETFs See Largest Single-Day Outflows in 90 Days
ADOPTION NEWS

US Spot Bitcoin ETFs See Largest Single-Day Outflows in 90 Days

By Crypto FlexsAugust 4, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
US Spot Bitcoin ETFs See Largest Single-Day Outflows in 90 Days
Share
Facebook Twitter LinkedIn Pinterest Email

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.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

Hyperliquid’s USDH Stablecoin is broadcast live at an early transaction volume of $ 2M or more.

September 24, 2025

One All-Powerful Asset Across Two Ecosystems

September 24, 2025

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025
Most Popular

bitcoin core – How to import legacy wallet from private keys

February 2, 2024

Whitebit is more than $ 150 million in protection: How to fight encryption crimes

February 15, 2025

US Spot Bitcoin ETF Hits Lowest Daily Volume Since Early February

August 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.