U.S. spot Bitcoin exchange traded funds saw net outflows on Tuesday, ending an eight-day streak of positive results, according to Farside.
On Tuesday (Aug. 27), those funds recorded net outflows totaling $127.1 million, led by Ark & 21Shares’ ARKB fund, which reported outflows of $102 million.
Grayscale’s GBTC also saw outflows of $18.3 million, while Bitwise’s BITB lost $6.76 million. Valkyrie’s BRRR was not updated and eight funds, including BlackRock’s IBIT, reported zero outflows.
Despite the recent outflows, total trading volume for U.S. spot Bitcoin ETFs, excluding BRRR, was $1.2 billion on Tuesday. Since January, these funds have accumulated net inflows of $17.95 billion.
Spot Ethereum ETFs continued the trend of net outflows for the ninth consecutive day, with negative inflows of $3.45 million on Tuesday.
Grayscale’s fund saw significant outflows of $9.18 million, partially offset by inflows of $3.88 million in Fidelity’s FETH and $1.86 million in Bitwise’s ETHW.
Tether has significantly increased its Bitcoin reserves, acquiring 8,888 BTC in the first quarter of 2025.
Bitcoin’s start to 2025 has been rough, marking its worst first quarter in seven years.
Metaplanet has significantly increased its Bitcoin holdings, cementing its position among the largest corporate BTC holders worldwide.
Binance has decided to halt spot trading of Tether (USDT) within the European Economic Area (EEA) as it works to comply with the EU’s new crypto regulations under MiCA (Markets in Crypto-Assets Regulation).