US Spot Bitcoin ETFs Extend Outflows to Second Day With $295.9 Million Exit

Forecast Trend Report by Period

More than $200 million flowed out of US spot Bitcoin exchange-traded funds, extending a stretch of net redemptions.

Farside Investors data released on Sept. 17 showed US spot Bitcoin ETFs recorded total daily net outflows of $295.9 million the previous day. It was the second consecutive trading day of net outflows.

BlackRock’s IBIT posted the largest net outflow at $144.1 million. Ark Invest and 21Shares’ ARKB recorded net outflows of $84.4 million, while Fidelity’s FBTC saw $52.7 million leave the fund.

Grayscale’s GBTC also posted net outflows of $18.2 million. MSBT, by contrast, recorded net inflows of $3.5 million. BITB, BTCO, EZBC, BRRR, HODL, BTCW and Grayscale Bitcoin Mini Trust ETF (BTC) saw no net flows.

In the previous trading session on Sept. 15, the funds posted net outflows of $450.4 million. Combined net outflows over the two days reached $746.3 million.