The largest single-day outflow of the U.S. Bitcoin spot ETF in 90 days

2024-08-04 10:00:07

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ChainCatcher news, according to The Block, the U.S. Bitcoin spot ETF experienced its largest single-day outflow in over 90 days (more than 60 trading days) on Friday, August 2, since May 1.

The total outflow for the day on August 2 was $237.45 million, marking the fourth highest single-day outflow since the launch of the spot Bitcoin ETF in January. The total outflow on May 1 was $563.77 million.

Although the single-day outflow was significant, the total trading volume was relatively unremarkable. Despite Bitcoin's price continuing to decline to the $60,000 mark, the total net asset value of all ETFs remained close to historical highs.

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