Ethereum ETFs Snap Up $216M While Bitcoin Funds Keep Sliding

American Bitcoin ETFs recorded a fourth consecutive day of net outflows on Friday, September 11, with $13.29M withdrawn. In contrast, ether ETFs attracted $216.41M and mark a fourth positive week. Institutional investors therefore still seem present in the crypto market, but their interest is shifting.

In brief

Bitcoin ETFs string together four losing sessions

The $13.29M of outflows recorded on Friday may seem modest. However, the trend is becoming harder to ignore. After ending the week of September 4 with a net inflow of $986.9M, Bitcoin ETFs have just recorded four consecutive sessions of outflows and are digging into an annual deficit close to 1 billion dollars.

According to data compiled by Bitcoin.com News, BlackRock’s IBIT suffered $19.23M of outflows. Morgan Stanley, with MSBT, however attracted $3.76M, while VanEck’s HODL recorded $2.18M of inflows.

Over the week, outflows reach $462.73M. Bitcoin ETFs generated $2.60B in volume on Friday and now total $97.58B in net assets. At the same time, BTC remains stuck around $77,000.