The largest single-week inflow since April has just been recorded, while Bitcoin ETF saw a net outflow of $390 million, and institutional sentiment has turned bearish once again.

According to Zhitong Finance APP, last week, the U.S. spot Bitcoin exchange-traded fund (ETF) recorded the largest weekly net outflow of funds since the end of June, reversing the strong start seen in early August. Data compiled shows that for the week ending August 10, a total of 13 Bitcoin ETFs listed in the U.S. experienced a net outflow of $389.7 million, compared to a net inflow of $853.5 million in the previous week.