Spot Bitcoin ETF Share Count Drops 25% Ahead of Forced Cash Liquidation Deadline

Shares outstanding fell to 120,000, a 25% drop, as investors redeem ahead of the Aug 17 liquidation deadline. The fund recorded only six inflow days since conversion.

Woofun AI reports that a spot Bitcoin ETF is undergoing forced cash liquidation by August 17, with shares outstanding declining 25% from 160,000 to 120,000 over three days. This reduction signals investor redemptions prior to the shutdown. The fund experienced $144.6 million in aggregate outflows on August 10, ending a five-day streak. Since its conversion, the product has logged only six inflow days against three outflow days, highlighting limited capital attraction despite broader market growth. The issuer states it remains active in the US market, managing over $200 million in products for US investors.