Analysis: US spot Bitcoin funds opened August with their second largest outflow in a single day ever, worth $812 million, which weakened some of July's momentum.
💸 The FBTC fund managed by Fidelity topped the outflow list, with approximately $331 million withdrawn from it.
💸 The ARKB fund managed by ARK saw outflows of approximately $328 million.
💸 Ethereum funds broke a 20-day streak of internal flows, recording outflows of $152 million.
After internal flows of $12.8 billion in July, the market may have started to regain its activity.
