ANALYST: BITCOIN ETF WEEKLY OUTFLOWS AMOUNT TO $385 MILLION, AT A PRICE AROUND $63,500

As at 14 August, United States spot bitcoin ETF products recorded $385.2 million in net weekly outflows. According to Farside Investers, after a strong inflow in early August, several major funds were withdrawn. Bitcoin prices remained around $63,500, and ETF demand and broader spot activities remained low. Although weekly outflows followed the flow of $865.3 million from the previous five trading days, four of the five trading days from 10 to 14 August saw outflows. The ransom on Monday was $144.6 million, the loss on Wednesday was $61.1 million, the outflow on Thursday was $131.1 million and the increase on Friday was $56.2 million. The Fidelity Wise Origin Bitcoin Fund fell during the week, with $153.1 million in net redemptions. BlackRock ' s iSharesbit money trust lost $78.9 million over the same five trading days。