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Spot ETF records the largest outflow in history, Bitcoin loses 812 million USD in a day.
On August 1, spot Bitcoin ETF funds saw a total net outflow of up to 812 million USD, marking the second largest capital withdrawal day in history. Leading the way was Fidelity's FBTC fund with a net outflow of 331 million USD. Other funds such as Grayscale's GBTC and BlackRock's IBIT also recorded significant negative cash flow.
Not only Bitcoin, but Ethereum spot ETFs also faced withdrawal pressure with a total net withdrawal of 152 million USD, ending a 20-day consecutive net inflow – the longest streak since these products were launched.