On August 28, 2024, the U.S. Bitcoin ETF market witnessed varying degrees of net inflow and outflow among key players. BlackRock’s IBIT and Fidelity’s FBTC showed stability with zero net change in Bitcoin holdings, maintaining their positions with 357,737 and 179,268 BTC respectively.

However, notable outflows were observed in other ETFs: ARK Invest’s ARKB saw a reduction of 1,643 BTC, Bitwise’s BITB experienced a decrease of 109 BTC, and VanEck’s HODL faced a drop of 113 BTC. Conversely, Invesco Galaxy’s BTCO registered a positive net inflow, adding 14 BTC.

Grayscale’s GBTC ETF also faced a slight outflow, decreasing by 9 BTC, highlighting a minor shift in investor sentiment. Despite these fluctuations, the total Bitcoin held by these ETFs combined reached 915,963 BTC, with a net outflow of 1,860 BTC, equivalent to a decrease of approximately $108.4 million in asset value.

This snapshot offers valuable insight into the daily dynamics and investor behavior within the U.S. Bitcoin ETF market, reflecting the ongoing adjustments in investment strategies in response to broader market conditions.

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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