Key Points
Spot Bitcoin and Ethereum ETFs Experience Outflows
On September 11, spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States experienced joint outflows.
This followed the joint positive flows recorded the previous day.
According to data from SoSoValue, the 12 spot Bitcoin ETFs in the U.S. logged a net outflow of $43.97 million on that day.
This ended their two-day streak of positive flows.
ARK 21Shares’ ARKB recorded the largest outflows among the ETFs, with $54 million in withdrawals.
Grayscale’s GBTC followed with net outflows amounting to $4.6 million.
Its Bitcoin Mini Trust registered outflows of approximately $511,230.
On the contrary, Fidelity’s FBTC led the inflows for the day, recording $12.6 million in net additions.
Invesco’s BTCO followed with $2.6 million in inflows.
The remaining seven BTC ETFs including BlackRock‘s IBIT saw no trading activity on the day.
Interestingly, IBIT, the largest spot BTC ETF by net assets has not seen any net inflows since Aug. 26.
These ETFs have seen net positive flows in the last three days.
The total inflows into all spot BTC ETFs were approximately $101.7 million.
The total trading volume for the 12 BTC ETFs jumped to $1.27 billion on Sept. 11.
This was significantly higher than the $717 million seen the previous day.
These funds have recorded a cumulative total net inflow of $17 billion since inception.
At the time of writing, Bitcoin (BTC) was up 2.7% over the past day, trading at $57,932.
Meanwhile, the nine U.S. spot Ethereum (ETH) ETFs also recorded a net outflow of $542,870 on Sept. 11.
VanEck’s ETHV led with $1.7 million in outflows.
Fidelity’s FETH was the only ETF to record inflows, at $1.2 million.
However, it was significantly lower than ETHV’s outflows and could not offset the overall loss.
The remaining Ether ETFs remained neutral on that day.
These investment vehicles have also seen their daily trading volume rise to $126.2 million on Sept. 11.
This was a jump over the previous day.
The spot Ether ETFs have experienced a cumulative net outflow of $562.6 million to date.
At the time of publication, Ethereum (ETH) was also up by 1%, exchanging hands at $2,354.