Following a fourth straight day of net outflows on Friday, the US-based spot bitcoin exchange-traded fund posted a net loss overall in August, but the loss was modest at just $94 million.
SoSoValue data shows that on August 23, the net inflow of spot bitcoin ETFs exceeded $250 million, which was the best day for funds this month.
On August 2, the worst day for spot bitcoin ETFs was a net outflow of 237 million dollars.
As the bitcoin price retreated from its highs at the beginning of the month, the total net asset holdings of all commercially available spot bitcoin ETFs fell by $4.24 billion to around $53.80 billion in August, mainly due to the decline in bitcoin prices from their value in early August.
The total net outflow of spot bitcoin ETF in August was about $94 million
2024-08-31 17:55:18
Following on Friday in a row fourth day appearance net flow out total United Statesdesk3cryptocurrencydesktopCrypto News
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