PiCK
U.S. Spot Bitcoin ETFs See Fourth Straight Day of Outflows; Spot Ether ETFs Add $216 Million
Summary
- U.S. spot Bitcoin ETFs logged net outflows for a fourth straight trading day.
- By contrast, spot Ether ETFs posted total net inflows of $216 million.
- Institutional flows are diverging, with money leaving Bitcoin ETFs and entering Ether ETFs.
Forecast Trend Report by Period
U.S. spot Bitcoin exchange-traded funds posted net outflows for a fourth straight trading day, while spot Ether ETFs continued to draw sizable inflows.
SoSoValue data for Sept. 11 showed U.S. spot Bitcoin ETFs recorded total net outflows of $13.29 million. That extended the outflow streak to four trading days.
Among individual products, Morgan Stanley’s MSBT led inflows with $3.76 million. Even so, redemptions across the group outpaced subscriptions, leaving the category in net outflow territory.
By contrast, spot Ether ETFs posted total net inflows of $216 million. BlackRock’s ETHA led the gains, pulling in $149 million.
The continued exodus from Bitcoin ETFs alongside fresh inflows into Ether ETFs points to a divergence in institutional flows between the two leading cryptocurrencies.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE