Spot Bitcoin ETFs see largest outflows since June as August gains vanish

US spot Bitcoin ETFs just had their worst week in two months, hemorrhaging approximately $390 million in net outflows between August 10 and 14. That five-day stretch erased what had been a promising start to the month and marked the heaviest weekly redemptions since June’s historic $4.5 billion exodus. Early August had seen inflows north of $750 million, briefly reviving the narrative that institutional appetite for Bitcoin exposure was coming back. The daily damage The outflows weren’t a single-day panic event. They played out methodically across the week, according to data tracked by Farside Investors and SoSoValue. Monday, August 10, set the tone with $144.7 million walking out the door. Tuesday offered a brief reprieve before Wednesday saw another $61.1 million in redemptions. Thursday brought the second-largest daily hit at $131.1 million. And Friday rounded things out with between $56.2 million and $57.6 million in additional outflows, depending on the data source. How the big players fared BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets, was a primary contributor to the outflows. That tracks with its role during June’s historic redemption wav...