Bitcoin Spot ETFs See $196M Outflow as FBTC Leads with $99M Exit

Bitcoin spot ETFs recorded a net outflow of $196.18 million on August 5, according to SoSoValue. This marks the fourth consecutive day of losses for the U.S.-listed crypto investment products. Market uncertainty and reduced risk appetite may be driving the trend.

Fidelity’s FBTC led the daily exits, shedding $99.11 million. BlackRock’s IBIT followed with a $77.42 million outflow. Grayscale’s GBTC lost $19.65 million. Combined, these three funds accounted for the majority of the day’s ETF exits.

FBTC and IBIT See Largest Daily Exits

FBTC, which had seen steady inflows in recent weeks, now holds $22.86 billion in assets. Despite the single-day setback, its cumulative inflow remains strong at $11.94 billion. IBIT continues to lead in total assets under management with $83.81 billion.

The recent moves show investors may be locking in profits or adjusting exposure based on macroeconomic signals. No new inflows or outflows were recorded for ARKB, BITB, or HODL, indicating a mixed sentiment across the ETF landscape.

Bitcoin ETF Market Still Holding Strong

Despite the recent exits, total cumulative net inflows for U.S. Bitcoin spot ETFs remain positive at $53.65 billion. The group’s total net assets stood at $146.18 billion as of August 5. ETFs now hold roughly 6.46% of Bitcoin’s total supply, a sign of their lasting role in institutional crypto adoption.

Price performance across ETFs dipped slightly, with most funds closing down about 1% on the day. However, trading volume remained elevated. IBIT saw $2.02 billion in trades, while FBTC handled $270.56 million. GBTC and BTC combined for another $200 million in volume, showing sustained interest in ETF products.

Analysts See This as a Healthy Pause

Some analysts interpret this four-day outflow as a healthy cooldown after months of consistent inflows. The absence of major negative news suggests this may not reflect long-term sentiment. Others point to global economic indicators or speculation about future rate changes as possible drivers.

The continued presence of billions in ETF assets underlines the staying power of institutional crypto investment. The short-term movements fluctuate, but the long-term demand for regulated Bitcoin exposure appears stable. As the market digests these developments, all eyes now turn to whether outflows will persist or if a reversal is near.