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US spot Bitcoin ETF sees largest single-day outflow in 90 days

US spot Bitcoin ETF sees largest single-day outflow in 90 days

CointimeCointime2024/08/04 02:36
By:Cointime

The U.S. spot Bitcoin ETF had the largest single-day outflow in more than 90 days (more than 60 trading days) since May 1 on Friday, August 2. The total outflow for the whole day on August 2 was US$237.45 million, which was also the fourth highest single-day outflow since the launch of the spot Bitcoin ETF in January. The total outflow for the whole day on May 1 was US$563.77 million. Although the single-day outflow was large, the total transaction volume was almost nothing special. Although the price of Bitcoin continued to slide to the US$60,000 mark, the total net asset value of all ETFs remained close to historical highs.

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