Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Crypto’s Rising Stars: Top 10 Projects

October 5, 2024

Threats to Ethereum’s Reign in 2024

December 24, 2023

Fed Chairman Powell: “There is no ‘secret lab’ that could surprise the digital dollar.”

March 21, 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.