Exchange-traded funds (ETFs) for both Bitcoin and Ethereum in the United States witnessed notable outflows on September 11, reversing the positive inflows from the previous day.
According to data from SoSoValue, the 12 U.S.-listed spot Bitcoin ETFs reported a combined net outflow of $43.97 million, marking the end of a two-day streak of positive investment flows.
ARK 21Shares’ ARKB led the outflows, seeing withdrawals totaling $54 million, while Grayscale’s GBTC followed with net outflows of $4.6 million. Grayscale’s Bitcoin Mini Trust also saw approximately $511,230 in outflows. In contrast, Fidelity’s FBTC emerged as the leader in net inflows, bringing in $12.6 million, with Invesco’s BTCO following at $2.6 million. Seven other Bitcoin ETFs, including BlackRock’s IBIT, recorded no trading activity. BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, has not seen any inflows since August 26.
Despite the day’s outflows, Bitcoin ETFs have enjoyed net positive inflows over the past three days, amounting to $101.7 million. The total trading volume for the 12 Bitcoin ETFs surged to $1.27 billion on September 11, a sharp increase from $717 million the day before. Since their launch, these funds have accumulated $17 billion in net inflows. At the time of writing, Bitcoin was up 2.7%, trading at $57,932, according to data from crypto.news.
Ethereum ETFs also faced net outflows on the same day. The nine U.S.-listed spot Ether ETFs saw a combined outflow of $542,870, with VanEck’s ETHV leading the decline at $1.7 million in redemptions. Fidelity’s FETH was the only Ether ETF to register inflows, bringing in $1.2 million, but it was not enough to offset the broader losses.
Trading volumes for Ether ETFs climbed to $126.2 million, up from the previous day, while cumulative net outflows for these investment products stand at $562.6 million to date. As of publication, Ethereum had risen by 1%, trading at $2,354.
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