The Bitcoin ETF spot experienced the largest fund outflow in nearly four months on Tuesday, reflecting a depressed market sentiment
On Tuesday (September 3), the spot Bitcoin ETF experienced its largest outflow of funds in four months, totaling more than $287 million. According to data from Farside Investors, this is the largest scale of outflows since May. Investor enthusiasm for Bitcoin ETFs has significantly decreased, with the current total assets of spot funds being about $52.6 billion, a decrease of $10 billion from its peak. The price of Bitcoin fell from a record high of $73,000 set in March to around $58,400 on Tuesday, with prices falling nearly 3%. Ethereum's spot ETF was also hit hard with fund outflows exceeding $52 million. Wall Street banks and hedge fund investors still held Bitcoin ETFs in the second quarter but overall capital flows were weak.
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