On Sept. 15, U.S. spot Bitcoin ETFs had about $450.4M in net outflows, the largest single-day outflow since June. The move came alongside renewed regulatory uncertainty after the U.S. Senate failed to advance the CLARITY Act.
But the situation reversed afterward. U.S. spot Bitcoin ETFs recorded about $2.65B of net inflows over the five sessions through Sept. 23.
On Sept. 23 alone, the ETFs reportedly took in around $347M, with BlackRock's IBIT and Fidelity's FBTC among the biggest contributors. �#
CT
So, ETF outflows are not currently the main story. Bitcoin can still fall even while ETFs receive money because of profit-taking, derivatives/liquidations, and selling in the spot market.
But the situation reversed afterward. U.S. spot Bitcoin ETFs recorded about $2.65B of net inflows over the five sessions through Sept. 23.
On Sept. 23 alone, the ETFs reportedly took in around $347M, with BlackRock's IBIT and Fidelity's FBTC among the biggest contributors. �#
CT
So, ETF outflows are not currently the main story. Bitcoin can still fall even while ETFs receive money because of profit-taking, derivatives/liquidations, and selling in the spot market.
