PiCK
U.S. Spot Bitcoin ETFs See Third Straight Day of Net Outflows With $283 Million Withdrawn
Minseung Kang
Summary
- U.S. spot Bitcoin ETFs posted net outflows for a third consecutive trading day.
- On Sept. 10, U.S. spot Bitcoin ETFs recorded total net outflows of $283 million.
- Total net assets in U.S. spot Bitcoin ETFs stood at $97.49 billion, equal to 6.28% of Bitcoin's market capitalization.
Forecast Trend Report by Period
U.S. spot Bitcoin exchange-traded funds posted net outflows for a third consecutive trading day.
Data from on-chain platform SoSoValue showed that U.S. spot Bitcoin ETFs recorded total net outflows of $283 million on Sept. 10.
Among individual products, ARKB from Ark Invest and 21Shares posted the largest net outflow, with $164 million withdrawn. Morgan Stanley's MSBT, meanwhile, recorded net inflows of $3.9792 million.
Total net assets in U.S. spot Bitcoin ETFs stood at $97.49 billion. That amounted to 6.28% of Bitcoin's total market capitalization, while cumulative net inflows since launch reached $55.168 billion.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.