📉 Bitcoin $BTC spot ETFs in the US saw net outflows of $462.7 million on September 8–11, reversing from nearly $987 million in inflows the previous week.
September 10 was the most bearish session, with $282.6 million withdrawn; ARKB by ARK 21Shares lost $164.3 million. GBTC, IBIT, and FBTC were also withdrawn significantly.
Why is this notable?
The market is pricing in an 87% chance that the Fed will raise rates by 25 basis points at the FOMC on September 16, pulling Bitcoin from $77,362 down to $76,816.
Put simply:
$462 million is only under 1% of the $97–148 billion asset base of this segment, which has already attracted more than $55 billion since launching in January 2024.
#Bitcoin #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only, not investment advice. Do your own research before deciding (DYOR).
September 10 was the most bearish session, with $282.6 million withdrawn; ARKB by ARK 21Shares lost $164.3 million. GBTC, IBIT, and FBTC were also withdrawn significantly.
Why is this notable?
The market is pricing in an 87% chance that the Fed will raise rates by 25 basis points at the FOMC on September 16, pulling Bitcoin from $77,362 down to $76,816.
Put simply:
$462 million is only under 1% of the $97–148 billion asset base of this segment, which has already attracted more than $55 billion since launching in January 2024.
#Bitcoin #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only, not investment advice. Do your own research before deciding (DYOR).