Bitcoin Spot ETFs See Significant Outflows in August 2024

According to Odaily, in August 2024, Bitcoin spot ETFs in the United States experienced a net outflow of $94 million. This data was monitored by Trader T. Despite the overall outflow, some ETFs saw significant inflows. BlackRock's IBIT increased its holdings by 14,531 BTC, resulting in a net inflow of $887 million, bringing its total holdings to 357,509 BTC. Grayscale's BTC saw a net inflow of $330 million, while WisdomTree's BTCW had a net inflow of $139 million. However, Grayscale's GBTC experienced a net outflow of $910 million. Most other ETFs also saw capital outflows during August.