Significant Outflows in Bitcoin ETFs Noted on August 6, 2024
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According to FarsideUK, Bitcoin ETFs experienced a total net outflow of $148.6 million on August 6, 2024. Notable outflows included FBTC with -$64.5 million, ARKB with -$28.9 million, EZBC with -$23 million, and GBTC with -$32.2 million. Several ETFs such as IBIT, BITB, BTCO, BRRR, HODL, BTCW, and BTC reported no net flows. This provisional data suggests a bearish sentiment among investors.
SourceFarside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.