U.S. spot Bitcoin and Ethereum ETFs logged nearly $1 billion of outflows combined on Friday, the worst day for the funds in months, following their record-breaking inflows in July.
The spot Bitcoin ETFs shed $812 million in capital, while the spot Ethereum ETFs reversed an inflow streak of 20 trading days with $152 million in outflows.
Notably, the outflows were largely confined to funds other than BlackRock’s industry-leading ETFs.
