US Crypto ETFs Saw Combined Outflows of Over $105 Million

Spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded net outflows of $89.7 million on August 9, after attracting just over $194 million the day before.

According to Farside, Grayscale’s GBTC converted fund led the outflows with $77 million, followed by Fidelity’s FBTC with $19.8 million and Bitwise’s BITB with $18.1 million.

BlackRock’s Bitcoin fund (IBIT) was one of two funds to see inflows, adding $9.6 million. Hashdex’s DEFI was the best performer for the day, adding $15.6 million.

Interestingly, BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, reported zero flows on Tuesday, along with seven other funds.

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On the other hand, spot Ether ETFs also saw net outflows on Friday, with total outflows amounting to $15.8 million.

The largest inflow was recorded by BlackRock’s ETHA, which saw $19.6 million. Fidelity’s FETH received inflows of $3.9 million, Grayscale’s mini fund (ETH) attracted $2.4 million, while the rest remained neutral.

Grayscale’s ETHE, on the other hand, experienced the largest outflow of the day, seeing outflows of $41.7 million.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.