Spot Bitcoin ETFs See $35.29M Net Outflow as Fidelity Leads Withdrawals

BitcoinWorld

Spot Bitcoin ETFs See $35.29M Net Outflow as Fidelity Leads Withdrawals

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $35.29 million on September 1, reversing the previous day’s modest inflows, according to data from SoSoValue. The shift underscores the continued volatility in digital asset investment products as investors weigh macroeconomic signals and crypto-specific headwinds.

Fund-Level Breakdown: Fidelity Leads Outflows

Fidelity’s Wise Origin Bitcoin Fund (FBTC) was the primary driver of the net withdrawal, reporting a single-day outflow of $43.67 million. In contrast, Bitwise’s Bitcoin ETF (BITB) bucked the trend with an inflow of $8.38 million, indicating divergent investor sentiment across major fund providers.

Other spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT) and ARK 21Shares Bitcoin ETF (ARKB), saw no significant net flows on the day, according to preliminary data. The lack of uniform movement highlights the selective rebalancing occurring among institutional and retail participants.

Context: A Choppy Week for Crypto Investment Products

The latest outflow comes after a brief one-day inflow streak, reflecting the broader indecision in the market. Over the past month, spot Bitcoin ETFs have experienced alternating days of inflows and outflows, with cumulative flows remaining sensitive to shifts in risk appetite and regulatory news.