Crypto ETF Outflows Surge Amid Investor Pullback

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On August 1, spot Bitcoin ETFs experienced massive investor withdrawals, with total net outflows hitting $812 million, the second-largest daily loss on record. Fidelity’s Bitcoin ETF (FBTC) saw the biggest outflow at $331 million. In the same period, spot Ethereum ETFs also faced $152 million in net outflows, ending a streak of 20 straight days of gains. These sharp exits highlight a shift toward caution as investor sentiment in crypto ETFs cools amid ongoing market volatility.