US spot Bitcoin ETFs experienced a significant slowdown in activity on Monday.
Daily net inflows of $61.98 million were the lowest since February, while total trading volume plummeted to $779.87 million, marking the third lowest day on record.
This sharp decline follows the $5.24 billion in daily trading volume reached on August 6.
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Despite the overall slowdown, BlackRock's IBIT managed to attract $92.68 million in net inflows, and Fidelity's FBTC recorded $3.87 million.
However, these gains were offset by net outflows from Bitwise and Invesco Bitcoin ETFs totaling $25.72 million and $8.84 million, respectively.