$BTC
Bitcoin and Ethereum ETFs Back in the Red With Negative Flows
U.S. Bitcoin ETFs now command $51.96 billion in net assets or 4.58% of the Bitcoin market cap.
A majority of BTC and ETH ETFs saw neutral flows, suggesting investors are in HODL mode.
Grayscale’s BTC and ETH ETF outflows now total over $23 billion.
Looking at the day’s gainers, Fidelity’s Wise Origin Bitcoin Fund (FBTC) posted $12.57 million on its third day of consecutive net inflows.
With $9.53 billion in cumulative net inflows, FBTC ranks second amongst its competitors.
The Invesco Galaxy Bitcoin ETF (BTCO) caught a modest inflow of $2.59 million, bringing its cumulative net inflow to a sturdy $347.54 million.
It marks a relatively rare day for BTCO, which, since July 23, has seen just four days of inflows and three days of outflows; the rest were neutral.
As for outflows, the ARK 21Shares Bitcoin ETF (ARKB) took a sizeable hit, shedding $54.03 million in net outflows.
The Grayscale Bitcoin Trust (GBTC) posted one of its lowest days of outflows ever, shedding $4.59 million from its fund. GBTC outflows now total $20.04 billion.
Grayscale is taking a double dip in BTC ETF outflows. The Grayscale Bitcoin Mini Trust, too, saw net outflows of $511,230. The mini fund has garnered $347.59 million in cumulative net inflows.
KEY TAKEAWAYSU.S. Bitcoin ETFs now command $51.96 billion in net assets or 4.58% of the Bitcoin market cap.
A majority of BTC and ETH ETFs saw neutral flows, suggesting investors are in HODL mode.Grayscale’s BTC and ETH ETF outflows now total over $23 billion.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have posted joint outflows after a brief respite from their lengthy outflow streaks.
Bitcoin ETFs
According to data from SoSoValue, Bitcoin ETFs posted net outflows of $43.97 million on Sept. 11, ending a short-lived two-day inflow streak.
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