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Spot Bitcoin exchange-traded funds in the United States have seen net outflows of $127.05 million on Aug. 28 led by ARK 21Shares’ ARKB. 
<a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="">Data </a>from SoSoValue indicates that the 12 U.S. spot Bitcoin exchange-traded funds experienced net outflows on Aug. 28, breaking an eight-day streak of positive inflows. During this eight-day period, these funds had attracted $756 million in inflows. 
On Tuesday, the U.S. spot Bitcoin funds saw net outflows amounting to $127.05 million. Notably, <a href="https://crypto.news/tag/ARK/" target="_blank" rel="noreferrer noopener">ARK</a> 21Shares’ ARKB led the outflows with $101.97 million in negative flows — its largest outflow to date, according to SoSoValue’s data. Grayscale’s GBTC reported net outflows of $18.32 million, while Bitwise’s BITB saw $6.76 million in outflows. Valkyrie’s BRRR was not updated at the time of writing. 
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 Spot Bitcoin ETFs inflow/outflow | Source: <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="">SoSoValue</a>
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Meanwhile, the remaining eight funds, including BlackRock’s IBIT, saw no flows on the day. Excluding BRRR, the total trade volume for U.S. spot Bitcoin funds reached $1.2 billion. Since January, these funds have collectively seen net inflows totaling $17.95 billion. 
At the same time, the broader market is seeing developments that could impact investor behavior. 
Nasdaq has <a href="https://crypto.news/nasdaq-files-for-sec-approval-to-launch-bitcoin-index-options/" target="_blank" rel="noreferrer noopener">filed </a>with the U.S. Securities and Exchange Commission to list Bitcoin Index Options, which will track Bitcoin’s price via the CME CF Bitcoin Real-Time Index. This move, pending regulatory approval, aims to improve market transparency and offer investors better tools to manage and hedge their crypto positions. 
Additionally, CME Group is <a href="https://crypto.news/cme-launches-small-bitcoin-friday-futures-to-attract-retail-investors/" target="_blank" rel="noreferrer noopener">planning to introduce</a> smaller-sized Bitcoin futures contracts, which could appeal to retail investors. 
At the time of writing, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) was down 5.8% over the past day, trading at $59,160, per data from crypto.news. 
 You might also like: <a href="https://crypto.news/spot-bitcoin-etfs-see-inflows-of-64-8m-ether-etfs-outflows-drop-to-874k/"> Spot Bitcoin ETFs see inflows of $64.8m, Ether ETFs outflows drop to $874k </a> 
<h2 class="wp-block-heading" id="ether-etfs-continue-to-record-outflows">Ether ETFs continue to record outflows</h2> 
Meanwhile, the nine-spot Ethereum ETFs collectively saw a significant drop in outflows, which stood at <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="">$3.45 million </a>on Aug. 28, marking the ninth <a href="https://crypto.news/spot-btc-etfs-surpass-18b-amid-increased-investor-confidence/" target="_blank" rel="noreferrer noopener">consecutive day of outflows</a>. 
Grayscale’s ETHE led the outflows once again, with $9.2 million leaving the fund, bringing its total outflows to the $2.55 billion mark since its launch on July 23. Meanwhile, Fidelity’s FETH and Bitwise’s ETHW were the only offerings to record inflows of $3.9 million and $1.9 million, respectively. The remaining six ETH ETFs saw no flows on the day. 
These investment vehicles have also seen their daily trading volume rise to $129.9 million on Aug. 28, an increase over the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $481.32 million to date. At the time of publication, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) was also down 8%, exchanging hands at $2,463. 
 Read more: <a href="https://crypto.news/bitwise-cio-bitcoin-etfs-breaking-records-gaining-unprecedented-institutional-traction/"> Bitwise CIO: Bitcoin ETFs breaking records, gaining unprecedented institutional traction </a>

Spot Bitcoin ETFs see outflows of $127m led by ARKB’s largest negative flow to date

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