UNITED STATES SPOT BITCOIN ETF NET OUTWARDS $201.8 MILLION A DAY, ENDING 9 DAYS OF INFLOW

THE UNITED STATES SPOT BITCOIN ETF RECORDED A NET OUTFLOW OF APPROXIMATELY $201.9 MILLION ON 28 AUGUST, ENDING THE NINE-DAY FLOW OF FUNDS. ALTHOUGH THIS SINGLE-DAY OUTFLOW IS A CAUSE FOR CONCERN, IT IS STILL SMALL COMPARED TO THE BILLIONS OF DOLLARS ACCUMULATED SINCE THE LAUNCH OF THE PRODUCT. INFLOW DATA SUGGEST THAT THE DAY-TO-DAY ACTIVITIES OF THE ETF ARE LIKELY TO FLUCTUATE, WHILE SPOT BITCOIN ETF STILL ATTRACTS SIGNIFICANT CAPITAL OVER THE LONG TERM. THE RESULT OF 28 AUGUST ENDED THE TREND OF NET INFLOWS, WHILE THE PREVIOUS DAY (27 AUGUST) RECORDED A NET INFLOW OF $242.3 MILLION. DESPITE THE FACT THAT THE OUTFLOW ON 28 AUGUST DID NOT NECESSARILY INDICATE AN OVERALL WEAKENING OF THE AGENCY ' S NEEDS IN THE BITCOIN, THE ETF-ETF CONTINUED TO RECEIVE NET INFLOWS OVER THE SAME PERIOD。