U.S. spot Bitcoin exchange-traded funds (ETFs) saw net outflows of $201.9 million on August 28, capping a nine-day stretch of positive flows, according to data from SosoValue.
Investors took money out of several large funds during the most recent trading session as Bitcoin dropped from above $80,000 to almost $77,500. The nine-day winning run had brought about $3.04 billion into the Bitcoin ETF market since August 17.
However, the latest outflow shows that the strong buying run has now paused. Even so, the funds still recorded $924.5 million in total inflows during the August 24–28 trading week, meaning one bad day has not yet changed the bigger picture.
Source: Farside Investors
The recent numbers showed a clear change from the previous day. Data from Farside Investors shows that On August 27, U.S. spot Bitcoin ETFs recorded $242.3 million in net inflows. One day later, the funds moved to nearly $202 million in net outflows, creating a $444.2 million swing between the two sessions.
While Bitcoin ETFs saw money leave, spot Ether ETFs continued to move in the opposite direction. According to Farside, Ether ETFs recorded $102 million in net inflows on August 28, extending their positive run to 10 straight sessions. Earlier in August, the funds attracted $2.6 billion during their strongest inflow week since October.
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