Folks, something's happening! Fidelity's Kuku is selling out.

SoSoValue data shows that on August 1st, US Eastern Time, Bitcoin spot ETFs experienced a massive outflow of funds, with a staggering net outflow of $812 million in a single day! This is no small amount, equivalent to a massive exodus of funds from the market, sending a significant shockwave through the cryptocurrency world.

Among them, Fidelity's FBTC was the "king of outflows," with a net outflow of $331 million in a single day.

However, a lean camel is still bigger than a horse. Historically, FBTC has been a strong money-making force, with total net inflows reaching $12.083 billion. ARK Invest and 21Shares' ARKB ETF wasn't much better, with a net outflow of $328 million in a single day. Fortunately, it has also had a cumulative net inflow of $2.387 billion.

Despite significant outflows yesterday, as of press time, the Bitcoin spot ETF's total net asset value (NAV) remains at $146.479 billion, representing 6.46% of Bitcoin's total market capitalization. Furthermore, the ETF's net asset value has historically reached a staggering $54.180 billion.

This suggests that Bitcoin spot ETFs were previously highly sought after by the market, but the sudden and massive outflows this time warrant careful consideration. Is it due to the overall market environment, leading investors to be pessimistic about future performance? Or are there other hidden risks? We must continue to monitor this closely! $BTC #加密市场回调