Bitcoin ETF Outflows Top $166 Million as Price Range Holds Steady

US spot Bitcoin ETFs experienced significant outflows over September 8 and 9, with a total of $166.8 million being withdrawn from these funds.

This marks the end of a three-week streak of inflows for these ETFs, which had been experiencing steady growth amid the Bitcoin price range of $78,000 to $79,000.

The largest outflows came from Ark 21Shares' ARKB and Grayscale's GBTC, while Morgan Stanley's MSBT was the only fund to see inflows during this period.

Despite the recent pullback, total assets under management for these ETFs remain high at around $99.3 billion, with some experts speculating that this could attract renewed institutional interest in the future.