DATA: US SPOT BITCOIN ETF RECORDED THE LARGEST OUTFLOW OF FUNDS SINCE THE END OF JUNE LAST WEEK, AND BTC PRICES ARE ON A ROLL

ON 17 AUGUST, THE UNITED STATES REAL BITCOIN EXCHANGE TRADING FUND (ETF) RECORDED THE LARGEST FINANCIAL OUTFLOWS SINCE THE END OF JUNE LAST WEEK, REVERSING THE STRONG INFLOW OF FUNDS IN EARLY AUGUST. ACCORDING TO DATA COMPILED BY BLOOMBERG, 13 UNITED STATES-LISTED SPOT BITCOIN ETFS HAD A TOTAL NET OUTFLOW OF $389.7 MILLION AS OF THE WEEK OF 10 AUGUST, COMPARED WITH THE PREVIOUS WEEK, WHEN THESE FUNDS HAD JUST RECORDED A NET INFLOW OF $853.5 MILLION. THE FIRST WEEK OF AUGUST ALSO RECORDED THE LARGEST SINGLE-WEEK INFLOW SINCE APRIL. THIS STRONG PERFORMANCE WAS PRECEDED BY AN INCIDENT IN WHICH A RARE COLD WALLET BRAND WAS HACKED, WHICH RENEWED MARKET INTEREST IN THE ALLOCATION AND HOSTING OF DIGITAL ASSETS THROUGH TRADITIONAL FINANCIAL PRODUCTS。