US spot Bitcoin ETF sees largest single-day outflow in 90 days
2024-08-04 01:34:36
Odaily News On Friday, August 2, the U.S. spot Bitcoin ETF saw its largest single-day outflow in more than 90 days (more than 60 trading days) since May 1. The total outflow for the day on August 2 was $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 day on May 1 was $563.77 million. While the single-day outflow is large, the total volume of transactions is hardly special, and the total net asset value of all ETFs remains close to historical highs even as the price of Bitcoin continues to slide towards the $60,000 mark. (TheBlock)
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