#CryptoIntegration

After more than a week of relentless outflows, both Bitcoin and Ethereum exchange-traded funds (ETFs) closed in the red on Friday. The total outflows amounted to $14 million for Bitcoin ETFs and $59 million for ETHE ETFs, ending recent winning streaks. Red Friday: The first Bitcoin and ETHE ETFs slowed down in their initial outflows after an increase in the number of days of capital in the ETFs ultimately ended on Friday, August 15. After eight consecutive days of gains for ETHE ETFs and seven for Bitcoin ETFs, both asset classes fell into negative territory to close out the week. Investors withdrew a combined $73 million, indicating a temporary halt in what had been a historic run of inflows. Bitcoin ETFs saw $114.40 million in IBIT from BlackRock, again the clear favorite among institutions. However, the strength was not enough to overcome the significant redemptions. Grayscale's GBTC saw $81.82 million in outflows, while Ark 21shares' Arkb lost $46.71 million, leaving the group with a net outflow of $14.13 million. Trading volumes remained heavy at $3.28 billion, although total net assets fell to $151.98 billion.