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  • Qadir AK
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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Crypto ETF Outflows Surge Amid Investor Pullback

On August 1, spot Bitcoin ETFs experienced massive investor withdrawals, with total net outflows hitting $812 million, the second-largest daily loss on record. Fidelityโ€™s Bitcoin ETF (FBTC) saw the biggest outflow at $331 million. In the same period, spot Ethereum ETFs also faced $152 million in net outflows, ending a streak of 20 straight days of gains. These sharp exits highlight a shift toward caution as investor sentiment in crypto ETFs cools amid ongoing market volatility.

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