$463M Flees Bitcoin ETF Just Before A Crucial Fed Call

During the shortened week of September 8, U.S. crypto ETFs recorded nearly $263 million in net outflows. The positive gathering of products related to Ether, XRP, and Solana was masked by withdrawals concentrated on Bitcoin ETFs.

In brief

Bitcoin ETFs lose $463 million

Over four sessions, the Bitcoin ETFs experienced $462.73 million in net outflows. However, they remained on three consecutive weeks of inflows, including about one billion dollars during the previous week.

On Tuesday, September 8, withdrawals began with $46.65 million. Then, they reached $120.24 million on Wednesday, followed by $282.56 million on Thursday. The pace slowed considerably on Friday with a limited loss of $13.29 million.

Flow distribution shows the funds that contributed most to this reversal :

• ARKB from Ark Invest and 21Shares lost $234.2 million ;
• GBTC from Grayscale saw $129.1 million in outflows ;
• IBIT from BlackRock surrendered $52.5 million ;
• FBTC from Fidelity lost $50.7 million ;
• MSBT from Morgan Stanley resisted with $19.7 million in inflows.