Spot Bitcoin exchange-traded funds (ETFs) in the U.S. lost a net of $127.05 million on August 28. This ended eight days of positive entries. SoSoValue data shows that in the last eight days, $756 million had been invested in the 12 U.S. spot Bitcoin ETFs.
The most funds left ARK 21Shares’ ARKB, which was worth a record $101.97 million. This was the most significant negative flow it had ever seen. The GBTC token on Grayscale lost $18.32 million, and the BITB token on Bitwise lost $6.76 million.
Bitcoin Funds Trade $1.2B
At the time of the story, Valkyrie’s BRRR had not been updated. Eight more funds, including BlackRock’s IBIT, had no net flows. U.S. spot Bitcoin funds traded a total of $1.2 billion worth of Bitcoin. Net entries into these funds have been $17.95 billion since January.
Nasdaq has asked the U.S. Securities and Exchange Commission to sell Bitcoin Index Options. These options will follow the price of BTC through the CME CF BTC Real-Time Index, as long as the government approves them. The CME Group also wants to bring in smaller BTC futures contracts to draw small investors.
Analyst says that Bitcoin was selling at $59,160, down 5.8% for the day.
On August 28, $3.45 million left the nine spot Ethereum ETFs in the Ethereum market. This was the ninth day in a row that funds left these funds. The most funds left Grayscale’s ETHE, which now has $2.55 billion since its launch on July 23. This was $9.2 million. Fidelity’s FETH and Bitwise’s ETHW were the only ones that got funds coming in, with $3.9 million and $1.9 million, respectively.
No funds have been moved into the other six ETH ETFs. The amount of spot Ether ETFs traded every day went up to $129.9 million. Since the beginning of the year, $481.32 million has been taken out of spot Ether ETFs. At the time of writing, Ethereum was down 8% and worth $2,463.
