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Data: The US Bitcoin spot ETF has seen capital outflows for eight consecutive days, totaling $3.2 billion

ChainCatcher news, according to The Block, in the past eight days, as the broader cryptocurrency and stock markets sold off, the U.S. spot Bitcoin ETF saw a net outflow of $3.2 billion. SoSoValue data shows that the Bitcoin ETF has recorded only four days of net inflows this month, leading to a monthly net outflow of $3.65 billion. The eight-day consecutive net outflow matches the record for consecutive net outflows in August 2024, becoming the longest net outflow period since the establishment of Bitcoin funds.On Tuesday, the reported net outflow from the spot Bitcoin ETF reached a new high of $1.14 billion. The largest Bitcoin ETF by net assets—BlackRock's IBIT—witnessed its largest net outflow ever the following day, totaling $418 million. However, compared to the net outflows of previous days, the latest net outflow of $275.8 million on Thursday was relatively mild. IBIT dominated yesterday's net outflow, reaching $189 million. Meanwhile, Bitwise's BITB was the only fund reporting a net inflow, with an inflow of $17.6 million.With the latest net outflow, the cumulative total net inflow of 12 Bitcoin funds now stands at $36.85 billion, the lowest level since January 14. The total net assets of these ETFs amount to $94.3 billion, accounting for approximately 5.7% of Bitcoin's market value. At the same time, the spot Ethereum ETF also witnessed a net outflow of $7.1 million on Thursday, bringing the total net outflow over six consecutive days to $315 million.
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