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