Families, attention!! Major news is here!!!

Fidelity's Kuku has begun to sell off in large quantities. SoSoValue data shows that on August 1, Eastern Time, Bitcoin spot ETFs faced a massive capital outflow, with a single-day net outflow reaching $812 million! This is not a small number, indicating that market funds are rapidly withdrawing, bringing a huge impact to the crypto space.

Among them, Fidelity's FBTC is the largest "flee-er", with a single-day net outflow of $331 million.

However, a skinny camel is bigger than a horse; historically, FBTC has a strong capital-raising ability, with a cumulative net inflow of $12.083 billion. The ETFs from ARK Invest and 21Shares, ARKB, are also not to be underestimated, with a single-day outflow of $328 million, but a cumulative net inflow still at $2.387 billion.

Despite the significant capital outflow yesterday, as of the time of this writing, the net assets of Bitcoin spot ETFs still stand at $146.479 billion, accounting for 6.46% of Bitcoin's total market value, with a historical cumulative net inflow of $54.180 billion.

This indicates that Bitcoin spot ETFs have always been popular in the market, but the reasons behind this massive outflow are worth noting. Is it due to a deteriorating environment? Are investors pessimistic about the future? Or are hidden risks emerging? We will continue to follow up! #加密市场回调