US Spot Bitcoin ETFs Witness $44M Outflows, Breaking Two-Day Positive Flow Trend
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
The U.S. spot Bitcoin exchange-traded funds (ETFs) saw net outflows totaling $43.97 million on Wednesday, halting a two-day streak of positive inflows.
The largest outflows were reported by ARKB, the bitcoin ETF from Ark Invest and 21Shares, which recorded $54.03 million in net outflows, according to data from SoSoValue.
Grayscale’s GBTC also faced losses, with net outflows of $4.59 million, while its Bitcoin Mini Trust saw approximately $511,230 in outflows.
In contrast, Fidelity’s FBTC led the inflow chart with $12.57 million in net inflows for the day, and Invesco’s BTCO attracted $2.59 million.
However, several other funds, including BlackRock’s IBIT, posted zero flows.
Notably, IBIT has not experienced any net inflows since August 26.
Despite the overall outflows, trading activity remained strong.
Bitcoin ETFs collectively recorded a trading volume of $1.27 billion on Tuesday, a significant jump from $712.25 million on the previous day.
Since their introduction in January, these funds have accumulated a net inflow of $17 billion.
On September 11, the total net outflow of Bitcoin spot ETFs was 43.9656 million US dollars. ARKB outflow was 54.03 million US dollars, Grayscale ETF GBTC outflow was 4.5935 million US dollars, and Fidelity ETF FBTC inflow was 12.5737 million US dollars. https://t.co/59u0BnDSW8
On the Ethereum front, U.S. spot Ether ETFs reported net outflows of approximately $542,870, with seven of the nine funds showing no daily flows.
VanEck’s ETHV saw net outflows of $1.71 million, while Fidelity’s FETH bucked the
Read more on cryptonews.com
