On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw significant outflows amounting to $71.73 million. The reductions were observed across five distinct funds, with notable impacts.
Grayscale's ETHE, leading the spot ether ETFs, faced an outflow of $1.77 million but endured the heaviest loss, losing $5.35 million in total.
During the trading sessions on August 29, both Bitcoin and Ether ETFs experienced these substantial outflows, signaling a notable shift in market behavior.