$389M Exits Bitcoin ETFs as BTC Stalls Near $63K

TLDR

• US spot Bitcoin ETFs recorded $389.7 million in net outflows during the week of August 10, the largest weekly withdrawal in six weeks.
• The outflows reversed the previous week’s $853.5 million inflow, which had been the strongest weekly total since April.
• Bitcoin traded near $63,000 and stayed within a narrow 2% range during the week, showing limited price momentum.
• Investors remained cautious amid concerns over higher interest rates and slow progress on the proposed US Clarity Act.
• Bitcoin’s implied volatility index stood near 37, well below its February peak of 82.2, pointing to subdued expected price swings.
• The earlier inflow surge following the Coldcard wallet hack proved short-lived as institutional demand weakened again.

US spot Bitcoin ETFs posted their biggest outflow in six weeks as Bitcoin price traded near $63,000. The 13 listed funds recorded $389.7 million in net outflows during the week of August 10, according to Bloomberg data.

The reversal followed $853.5 million in inflows a week earlier. That first August week marked the strongest inflow since April, but demand weakened as Bitcoin stayed within a narrow trading range.

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