Bitcoin ETFs experienced net outflows August was a turbulent month for the cryptocurrency market, marked by significant outflows, market downturns, and regulatory developments. Notably, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced net outflows of approximately $94 million, reversing an earlier streak of positive inflows. Despite an encouraging performance on August 23, when inflows reached over $250 million, these gains were overshadowed by a sharp $237 million outflow earlier in the month.