Spot Bitcoin ETFs See $390 Million in Net Outflows Last Week

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $390 million in net outflows from Aug. 10 to Aug. 14, with Fidelity’s FBTC accounting for $153 million of the withdrawals.

Spot Ethereum ETFs posted net outflows of $2.26 million over the same period. BlackRock’s ETHA recorded $16.3944 million in net outflows.

Bitcoin was trading at $63,587 at the time of writing, down 2.3% over the past week. Ethereum was at $1,902, a 1% decline over the same period.

Source: SoSoValue