On August 6, 2024, the U.S. Bitcoin ETFs showed mixed results in their daily net flows. BlackRock’s IBIT ETF remained steady with no changes, keeping its total at 344,070 BTC. On the other hand, Grayscale’s GBTC saw a decrease of 764 BTC, and Fidelity’s FBTC dropped by 1,093 BTC, indicating large withdrawals. Meanwhile, Bitwise’s BITB gained a modest 54 BTC, suggesting some positive investor interest.

Significant losses were also noted in ARK Invest’s ARKB, which had the largest reduction of 1,299 BTC for the day. This contrasted with smaller gains in Grayscale’s BTC fund, which added 158 BTC. Other funds like VanEck’s HODL and Invesco Galaxy’s BTCO lost 368 BTC and 303 BTC respectively. Valkyrie’s BRRR and Franklin Templeton’s EZBC saw no changes.

Overall, the total Bitcoin held by all these ETFs was 908,696 BTC, with a net decrease of 3,615 BTC on the day. This translates to a loss of about $201.9 million in value, showing a day of more outflows than inflows across these funds. This activity highlights the varying levels of investor confidence and market movement within the sector.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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