Summary
- US spot-Bitcoin ETFs recorded total net outflows of $236.47 million, swinging back into negative territory after one day.
- BlackRock's IBIT lost $201.18 million and Fidelity's FBTC posted $43.67 million in net outflows, leading the overall decline.
- By contrast, Bitwise's BITB drew $8.38 million in net inflows, making it the only major product to attract money.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds swung back to net outflows after a day, with more than $200 million leaving the products.
Trader T data showed US spot-Bitcoin ETFs recorded total net outflows of $236.47 million on Sept. 1. The shift came one trading day after the funds posted net inflows of $216.70 million on Aug. 31.
BlackRock's IBIT led the outflows, with $201.18 million exiting the fund. Fidelity's FBTC also posted net outflows of $43.67 million.
By contrast, Bitwise's BITB drew net inflows of $8.38 million, making it the only major product to attract money. The remaining funds recorded no net flows.
shlee@bloomingbit.ioHello, I'm a reporter at bloomingbit