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.
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.
U.S. spot Bitcoin exchange-traded funds (ETFs) continued their strong run on Thursday, logging a fifth consecutive day of net inflows as institutional interest in regulated BTC products remained firm.
According to Bloomberg’s senior commodity strategist Mike McGlone, Bitcoin (BTC) has outshined the S&P 500 so far in 2025.
Bitcoin (BTC) is currently consolidating within the $93,500–$95,250 range, according to crypto analyst Michaël van de Poppe, who views the current price movement as part of a broader uptrend.
His prediction is rooted in growing instability across traditional financial systems and what he believes is the emergence of the most powerful bull market in history.