$46 Million Net Outflow Hits U.S. Spot Bitcoin ETFs in Four Trading Days

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced significant net outflows after four trading days, amounting to $46.65 million, according to SoSoValue data. This reversal came on September 8, as investors pulled money from these products.

The largest contributors to the net outflow were Grayscale's GBTC, Fidelity's FBTC, and Invesco's BTCO, with GBTC losing $65.51 million alone. By contrast, some ETFs saw significant inflows: Bitwise's BITB recorded a net inflow of $14.47 million, while BlackRock's IBIT took in $10.66 million, Ark Invest's ARK drew $8.06 million, and Morgan Stanley's MSBT added $7.41 million.

The SoSoValue data highlights the changing investor sentiment towards these U.S. spot Bitcoin ETFs. It remains to be seen whether this trend will continue or if investors will return to these products in the future.