Spot Bitcoin ETFs see $56.2M net outflow, extending three-day streak

BitcoinWorld Spot Bitcoin ETFs see $56.2M net outflow, extending three-day streak U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a net outflow of approximately $56.2 million on Aug.

14, marking the third consecutive trading day of net withdrawals, according to data from Farside Investors. The continued outflows suggest a cautious sentiment among institutional and retail investors, despite the asset class having seen robust inflows earlier in the year.

The recent streak has trimmed some of the gains from a period of sustained accumulation that had pushed total net inflows to over $17 billion since January.

Fund-level breakdown: BlackRock and Fidelity lead outflows BlackRock’s IBIT, the largest spot Bitcoin ETF by assets under management, saw the most significant single-day outflow, with approximately $55.5 million leaving the fund.