Bitcoin ETF sees $145 million in outflows on Monday

US Bitcoin ETFs experienced significant outflows on Monday, August 10. A total of $145 million flowed out of the funds, while Ethereum ETFs also showed red figures. Only Grayscale managed to end a day full of outflows on a positive note.

Bitcoin is available at OKX and Bybit.

In brief:

• Spot Bitcoin ETFs in the US recorded a net outflow of $145 million on August 10.
• Spot Ethereum ETFs lost $14.6 million, but Grayscale managed to attract funds as an exception.
• The Bitcoin price stands at $64K and is down 1.9% in 24 hours.

Outflows dominated the day

According to SoSoValue data, significant amounts left the US spot Bitcoin ETFs on August 10. This concerns a total net outflow of $145 million, as can be seen in the chart above. The red bars show that this kind of outflow day has occurred regularly in recent months, although earlier this year there was also a period of several consecutive inflow days.

The Bitcoin price stands at $64K at the time of writing, a decline of 1.9% in the past 24 hours. This provides context for investors leaving the ETF products: the market is under pressure and institutional investors appear to be cautious for now.

Grayscale stands out

Not everyone lost money on this day. Grayscale’s Bitcoin Mini Trust actually attracted $37.06 million, making it the best-performing Bitcoin ETF of the day. This is notable because Grayscale has often faced large outflows from its original Bitcoin fund in the past.

The picture is similar for the Ethereum funds. Spot Ethereum ETFs saw a total of $14.59 million in outflows, but Grayscale’s Ethereum Mini Trust managed to bring in $8.59 million. This makes it the best-performing provider in the Ethereum category. For now, there is little sign of the broader trend of hundreds of millions in weekly inflows that was seen earlier this year.