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Spot Bitcoin ETF Sees Largest Outflow in Nearly Four Months Amid Market Gloom

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September 3, spot Bitcoin ETFs experienced their largest outflow in nearly four months, with a total of over $287 million exiting the funds. According to data from Farside Investors, this marks the biggest outflow since May. Investor enthusiasm for Bitcoin ETFs has significantly waned, with total assets in spot funds now standing at approximately $52.6 billion, a decline of $10 billion from their peak. Bitcoin’s price has dropped from a record high of $73,000 in March to around $58,400, with Tuesday’s decline nearing 3%.

Ethereum spot ETFs were also affected, with related funds seeing outflows exceeding $52 million. Despite Wall Street banks and hedge funds holding Bitcoin ETFs in the second quarter, overall fund flows have remained weak.

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