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Spot Bitcoin exchange-traded funds in the United States witnessed a four-month-high net outflow on Tuesday, Aug. 3. 
According to <a href="https://farside.co.uk/btc/" target="_blank">data</a> provided by Farside Investors, the U.S.-based spot Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) ETFs saw $287.8 million in net outflows yesterday, continuing their five-day downward momentum. This amount of outflows has not been seen since May 1.&nbsp; 
Data shows that most of the outflows came from Fidelity’s FBTC and Grayscale’s GBTC funds, worth $162.3 million and $50.4 million, respectively.&nbsp; 
Moreover, the ARK 21Shares ARKB and Bitwise’s BITB <a href="https://crypto.news/tag/etf/" target="_blank">ETFs</a> also recorded $33.6 million and $25 million in outflows, per Farside Investors. EZBC, HODL, BRRR and BTCO funds joined the bearish momentum with $8.4 million, $3.3 million, $2.5 million and $2.3 million in outflows, respectively. 
 You might also like: <a rel="" href="https://crypto.news/bitcoin-wallet-linked-to-terraforms-do-kwon-moved-62m/"> Bitcoin wallet linked to Terraform’s Do Kwon moved $62m </a> 
The largest spot BTC fund with over $20.9 billion in total inflows, BlackRock’s iShares Bitcoin Trust ETF, remained neutral along with BTCW and Grayscale’s mini BTC fund. 
<a href="https://crypto.news/bitcoin-price-could-see-20-drop-analysts-warn/" target="_blank">Bitcoin</a> dropped 4.6% in the past 24 hours and is trading at $56,330 at the time of writing. The leading cryptocurrency briefly touched a one-month low of $55,670 earlier today.&nbsp; 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1162" height="681" src="https://crypto.news/app/uploads/2024/09/BTCUSDT_2024-09-04_11-02-25.png" alt="Spot BTC ETF outflows touch 4-month highs, price falls below $57k - 31" class="wp-image-14295817">
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 BTC price – Sept. 4 | Source: <a href="https://crypto.news/price/bitcoin/" target="_blank">crypto.news</a>
 </figcaption>
</figure> 
Spot Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) ETFs also remained bearish with a net outflow of $47.4 million on Aug. 3, according to Farside Investors. <a href="https://crypto.news/tag/grayscale/" target="_blank">Grayscale</a>’s ETHE saw $52.3 million in outflows while Fidelity’s FETH recorded $4.9 million in inflows. 
The remaining spot ETH funds stayed neutral. 
Ethereum’s price also declined by 5.5% over the past day and is changing hands at $2,370 at the time of writing.&nbsp; 
 Read more: <a rel="" href="https://crypto.news/over-1b-worth-of-bitcoin-left-exchanges-in-7-days/"> Over $1b worth of Bitcoin left exchanges in 7 days </a>

Spot BTC ETF outflows touch 4-month highs, price falls below $57k

crypto.news

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