Bitcoin ETFs see third consecutive day of $57.63 million outflow

Spot Bitcoin ETFs have now seen more money leave than enter for three consecutive days. On 14 August, net outflows amounted to $57.63 million, according to data from SoSoValue. The Bitcoin price meanwhile stands at $63K, a small gain of 0.3% over the past 24 hours. Spot Ethereum ETFs recorded no inflows or outflows on the same day.

In brief:

• Spot Bitcoin ETFs posted a net outflow of $57.63 million on 14 August
• It was the third consecutive trading day with a negative balance
• Spot Ethereum ETFs recorded zero flows on the same day

Third Day of Outflows for Bitcoin ETFs

As WuBlockchain reports based on SoSoValue data, the $57.63 million outflow on 14 August is the third consecutive day on which, on balance, more money flowed out of spot Bitcoin ETFs than into them. A day earlier, outflows amounted to $131 million.

The total net asset value of all spot Bitcoin ETFs combined stands at $76.61 billion. That is considerably lower than the peak of nearly $80.94 billion shown on the chart earlier this season.

Ethereum ETFs Remain Flat, Bitcoin Barely Reacts

The spot Ethereum ETFs showed no movement on 14 August: nothing was deposited and nothing flowed out. That contrasts with the persistent negative trend seen in the Bitcoin variants.

The Bitcoin price itself has so far barely reacted to the outflows. With a daily gain of 0.3%, the price remains close to $63K. Whether that stays the case will depend in part on how Bitcoin handles broader macroeconomic signals.