U.S Spot Bitcoin ETFs See $94 Million Net Outflow in August h3>

U.S. spot bitcoin exchange-traded funds (ETFs) saw a net outflow of around $94 million in August.

The total net asset held by all commercially available bitcoin funds decreased by $4.24 billion in August, bringing the total to around $53.8 billion.

Grayscale’s GBTC saw $70 million leave on Friday, bringing the total outflow for the year to roughly $20 billion.

U.S. spot bitcoin ETFs had a negative month in August, with a total net outflow of around $94 million, despite an eight-day bullish streak.

The funds saw an eight-day run of net inflows in August. However, the monthly net went negative due to recent withdrawals, which included the first outflows recorded by industry leader BlackRock’s IBIT fund since May.

Despite four other funds reporting outflows on Friday – the final trading day of the month – IBIT and the majority of other funds had zero net inflow.

Grayscale’s GBTC saw $70 million leave, bringing the total outflow for the year to roughly $20 billion.

According to SoSoValue statistics, that amount is well within the range of a single good or terrible day. While spot bitcoin ETFs lost $237 million on Aug. 2, their worst day of the month, the funds made nearly $250 million on Aug. 23, their greatest day of the斯克鲁鲁斯月份。

All commercially accessible bitcoin funds had a cumulative net asset decline of $4.24 billion in August, bringing the total to around $53.8 billion, as the price of bitcoin (BTC) fell sharply from its peak earlier in the month.

On Friday, ARK and 21Shares’ ARKB saw $65 million in outflows, Bitwise’s BITB had $16 million, Fidelity’s FBTC had roughly $13 million, and Invesco’s BTCO had $11 million.

There were no significant inflows or outflows across the board for Ethereum spot ether ETFs on Friday, marking their first day of such stats. Approximately $7 billion worth of assets are held by the funds as of the end of the month.