PiCK
U.S. Spot Bitcoin ETFs See $450.4 Million in One-Day Outflows, Biggest Since June
Summary
- U.S. spot Bitcoin ETFs posted $450.4 million in net outflows in a single day, marking the biggest outflow since June.
- Outflows were most pronounced in BlackRock's IBIT, which lost $161.7 million, and Fidelity's FBTC, which saw $214.8 million leave the fund.
- Bitwise's BITB, Ark Invest's ARKB, and Grayscale's GBTC also posted net outflows, while the remaining products were unchanged.
Forecast Trend Report by Period
U.S. spot Bitcoin exchange-traded funds swung back to net outflows in a single day, with more than $450 million leaving the products.
Trader T data on September 16 showed U.S. spot Bitcoin ETFs recorded total net outflows of $450.4 million a day earlier. That marked the largest daily outflow since June. The funds had returned to net inflows on September 14 after five trading days, but reversed back to outflows a day later.
BlackRock's IBIT posted net outflows of $161.7 million, while Fidelity's FBTC saw $214.8 million leave the fund. Bitwise's BITB and Ark Invest's ARKB also recorded net outflows of $12.4 million and $17.4 million, respectively.
Grayscale's GBTC also posted net outflows of $44.1 million. The remaining products recorded no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.