Bitcoin ETFs see $389.7M outflow, reversing prior week's gains amid mixed crypto demand.

U.S. spot Bitcoin ETFs experienced a net outflow of $389.7 million during the week of August 10-14, reversing the strong inflows from the previous week. Fidelity's FBTC led withdrawals with $153.2 million exiting, while other major funds like Grayscale's GBTC and Blackrock's IBIT also saw significant outflows. Despite this, some altcoin ETFs such as Solana, XRP, and HYPE attracted net inflows, indicating selective investor interest. The broader market was influenced by mixed economic data, including a 3.4% CPI and higher jobless claims, which kept investors cautious about crypto exposure going forward.