Spot Bitcoin ETFs Experience Significant Outflows, Led by ARK 21Shares’ ARKB

In a surprising turn of events, the U.S. spot Bitcoin exchange-traded funds (ETFs) have encountered net outflows totaling $127.05 million on August 28, 2024. This marks a notable shift in investor sentiment after an eight-day streak of positive inflows that had previously accumulated a remarkable $756 million. The Decline: ARK 21Shares’ ARKB Takes the Lead