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PiCK

US Spot Bitcoin ETFs Flip Back to $450.4 Million of Net Outflows in a Day

Source

Summary

  • U.S. spot Bitcoin ETFs shifted back to net outflows in a day, with $450.4 million leaving the funds.
  • BlackRock's IBIT saw $161.7 million in net outflows, while Fidelity's FBTC posted $214.8 million in outflows.
  • Bitwise's BITB, Ark Invest's ARKB, and Grayscale's GBTC also recorded outflows, while the remaining products saw no net inflows or outflows.

Forecast Trend Report by Period

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Photo: Trader T
Photo: Trader T

U.S. spot Bitcoin exchange-traded funds swung back to net outflows in a day, with more than $450 million leaving the products.

Trader T data on Sept. 16 showed U.S. spot Bitcoin ETFs recorded combined net outflows of $450.4 million the previous day. The funds had returned to net inflows on Sept. 14 after five trading sessions, but flipped back to outflows a day later.

BlackRock's IBIT posted net outflows of $161.7 million, while Fidelity's FBTC saw $214.8 million leave the fund. Bitwise's BITB and Ark Invest's ARKB recorded net outflows of $12.4 million and $17.4 million, respectively.

Grayscale's GBTC also logged $44.1 million in outflows. The remaining products recorded no net inflows or outflows.

#Crypto ETF

shlee@bloomingbit.ioHello, I'm a reporter at bloomingbit

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