Bitcoin ETFs lose $463 million ahead of the Fed
During the week shortened on September 8, U.S. crypto ETFs recorded about $263 million in net outflows. Positive inflows into products linked to Ether, XRP, and Solana were masked by concentrated withdrawals from Bitcoin ETFs.
Bitcoin ETFs record about $463 million in outflows over four sessions.
Ether ETFs hold steady with $197 million in inflows during the week.
XRP and Solana ETFs extend their positive fundraising despite more modest amounts.
The Fed and the CLARITY Act could influence the path of flows in the upcoming sessions.
Bitcoin ETFs lose $463 million
Over four sessions, Bitcoin ETFs suffered $462.73 million in net outflows. However, they had maintained three consecutive weeks of inflows, including nearly $1 billion during the prior week.
On Tuesday, September 8, withdrawals began with $46.65 million. They then reached $120.24 million on Wednesday and $282.56 million on Thursday. The pace slowed considerably on Friday, with losses limited to $13.29 million.
The breakdown of the flows makes it possible to see which funds contributed most to this turn:
ARKB by Ark Invest and 21Shares lost $234.2 million;
GBTC by Grayscale posted $129.1 million in outflows;
IBIT by BlackRock gave up $52.5 million;
FBTC by Fidelity lost $50.7 million;
MSBT by Morgan Stanley held steady with $19.7 million in inflows.
$MSBI.US $IBIT.ETF $ARKB.ETF #etf