{"id":428,"date":"2024-08-28T12:06:31","date_gmt":"2024-08-28T12:06:31","guid":{"rendered":"http:\/\/ci02e61cce700025c8"},"modified":"2024-08-28T12:06:31","modified_gmt":"2024-08-28T12:06:31","slug":"bitcoin-etfs-saw-the-largest-outflow-in-over-three-weeks","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/bitcoin-etfs-saw-the-largest-outflow-in-over-three-weeks","title":{"rendered":"Bitcoin ETFs Saw the Largest Outflow in Over Three Weeks"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $127 million in net outflows on Tuesday, marking the largest single-day withdrawal since Aug. 6. The outflow ended an eight-day streak of positive inflows totalling $756 million.<\/p>\n<p>On Tuesday, <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">the Bitcoin ETF<\/a> offering from Ark Invest saw the biggest outflow, at $102 million. Grayscale&#8217;s Bitcoin Trust and Bitwise&#8217;s Bitcoin ETF also posted net outflows of $18 million and $7 million, respectively.<\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/tags\/blackrock\">BlackRock&#8217;s<\/a> Bitcoin ETF saw no inflows after a $224 million inflow <a href=\"https:\/\/bitcoinmagazine.com\/business\/blackrocks-bitcoin-etf-saw-highest-inflow-in-over-a-month\">on Monday<\/a>, its largest in over a month, while Fidelity&#8217;s and other Bitcoin ETFs also saw no changes in inflows or outflows.<\/p>\n<p>The largest contributor to yesterday&#8217;s outflows seems to have been investors&#8217; profit-taking after Bitcoin surged past $60,000 early this week. Since then, Bitcoin has pulled back around 10% below $60,000 upon this news.<\/p>\n<p>The ETF outflows came as leading financial institutions expanded their bitcoin product offerings. On Tuesday, CME Group launched a new Bitcoin futures contract aimed at retail traders. <a href=\"https:\/\/bitcoinmagazine.com\/markets\/nasdaq-seeks-sec-approval-for-bitcoin-index-options-aims-to-boost-crypto-market-maturity\">Nasdaq also filed<\/a> for regulatory approval of Bitcoin index options.<\/p>\n<p>The ongoing development of regulated Bitcoin investment vehicles highlights increasing mainstream demand. While <a href=\"https:\/\/bitcoinmagazine.com\/tags\/spot-bitcoin-etf\">spot Bitcoin ETFs<\/a> saw outflows this week, the overall trajectory points to growing institutional adoption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. spot Bitcoin ETFs saw $127 million in net outflows on Tuesday, marking the largest single-day withdrawal since August 6th. The outflow ended an eight-day streak of positive inflows totaling $756 million into the Bitcoin products.<\/p>\n","protected":false},"author":2513,"featured_media":159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[333,332,334,93],"class_list":{"0":"post-428","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ark-invest","9":"tag-bitcoin-spot-etf","10":"tag-cathie-wood","11":"tag-news"},"author_data":{"id":2513,"name":"Vivek Sen","nicename":"vivek-sen-bitcoin","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/cropped-vivek-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/wall-street-blockchain-alliance-launches-educational-platform-for-financial-markets.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2513"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=428"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/159"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}