📰 September 9, U.S. Eastern Time: Bitcoin spot ETFs recorded a total net outflow of $120 million. Looking at the headline number does feel a bit worrying, but the capital wasn’t withdrawn from all products at the same time—most of the pressure is concentrated in ARKB.

🔥 ARK Invest and 21Shares’ ARKB had a one-day net outflow of $77.98 million, making it the product with the largest outflow that day. However, over a longer period, ARKB’s historical cumulative net inflow still stands at $1.387 billion. One day of data alone can’t directly indicate that long-term capital has completely turned away.

💡 On the other side, Morgan Stanley ETF MSBT saw a net inflow of $4.49 million that day, placing it first among products by daily net inflow. Currently, MSBT’s historical cumulative net inflow is $521 million, suggesting that on the same day, capital flows varied significantly across different products.

👀 As of the time of publication, the total net asset value of Bitcoin spot ETFs is $99.327 billion, accounting for 6.31% of Bitcoin’s total market capitalization. Historical cumulative net inflows have reached $55.451 billion. To be honest, daily outflows should be watched, but when viewed in the context of cumulative data, it’s still not enough to say that capital has fully exited.

🤔 Do you think this $77.98 million outflow from ARKB is just a one-day reallocation, or will it continue to expand in the coming days?

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