bullish

<ul> 
 <li>The funds made nearly $250 million on August 23, their greatest day of the month.</li> 
 <li>On Friday, Grayscale’s GBTC saw $70 million leave the fund.</li> 
</ul> 
U.S spot bitcoin exchange-traded funds (ETFs) had a negative month in August, with a total net outflow of around $94 million, despite an eight-day bullish streak. 
But according to SoSoValue statistics, that amount is well within the range of a single good or terrible day. While spot bitcoin ETFs lost $237 million on August 2, their worst day of the month, the funds made nearly $250 million on August 23, their greatest day of the month. 
<h3 class="wp-block-heading" id="h-outflow-outperforming-inflows">Outflow Outperforming Inflows</h3> 
All commercially accessible bitcoin funds had a cumulative net asset decline of $4.24 billion in August, bringing the total to around $53.8 billion, as the price of <a href="http://bitcoin.org" target="_blank" rel="noreferrer noopener nofollow">bitcoin</a> plummeted from its peak earlier in the month. 
In August, the funds saw an eight-day run of net inflows. However, the monthly net went negative due to recent withdrawals, which included the first outflows recorded by industry leader <a href="https://thenewscrypto.com/blackrock-ibit-sees-largest-inflow-in-35-days-amid-btc-dip/" target="_blank" rel="noreferrer noopener">BlackRock’s</a> IBIT fund since May. Despite four other funds reporting outflows on Friday—the final trading day of the month—IBIT and the majority of other funds had zero net inflow. 
On Friday, <a href="http://grayscale.com" target="_blank" rel="noreferrer noopener nofollow">Grayscale’s</a> GBTC saw $70 million leave, bringing the total outflow for the year to roughly $20 billion. According to SoSoValue, ARK and 21Shares’ ARKB both had $65 million in withdrawals, Bitwise’s BITB had $16 million, Fidelity’s FBTC had roughly $13 million, and Invesco’s BTCO had $11 million. 
There were no significant inflows or outflows across the board for Ethereum spot ether ETFs on Friday, marking their first day of such stats. Approximately $7 billion worth of assets are held by the funds as of the end of the month. 
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U.S Spot Bitcoin ETFs See $94 Million Net Outflow in August

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