American investors have reversed course, cashing out of spot Bitcoin exchange-traded funds after a hot run at the beginning of August. 

Data from Farside Investors shows that investors pulled over $385 million from the U.S. funds last week. The week before, the funds had received fresh cash every day, bringing in more than $865 million in investment — their biggest inflows since April. 

The turn in sentiment comes as the price of the biggest cryptocurrency remains flat: Bitcoin was recently trading for $64,066, unmoved over the past week and last 30 days. 

Investors initially seemed unfazed by the huge Coldcard hack on July 31, when cybercriminals stole over $115 in…

Read more on BitcoinMagazine