PiCK
US Spot-Bitcoin ETFs Reverse to $236.47 Million in Net Outflows After One Day
Bloomingbit Newsroom
Summary
- US spot Bitcoin (BTC) ETFs recorded total net outflows of $236.47 million, reversing back into negative territory.
- BlackRock's IBIT posted $201.18 million in outflows, while Fidelity's FBTC lost $43.67 million, leading the overall net outflow.
- Bitwise's BITB recorded $8.38 million in net inflows, while the remaining products saw no net flows.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds swung back to net outflows after a single day of inflows, with more than $200 million exiting the products.
US spot-Bitcoin ETFs recorded total net outflows of $236.47 million on Sept. 1, according to Trader T. 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, shedding $201.18 million. Fidelity's FBTC also posted net outflows of $43.67 million.
Bitwise's BITB was the only major product to post inflows, taking in $8.38 million. The remaining products recorded no net flows.
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