Bitcoin ETFs Drain $449M as BTC Price Struggles Near $77,000
US spot Bitcoin ETFs experienced significant outflows on September 10, with $282.7 million in net withdrawals. This is part of a three-day trend of declining fund demand, with total outflows reaching approximately $449.5 million. The price of BTC was hovering around $77,000 during this time, down 1.76% from the previous day.
ARK Invest and 21Shares' ARKB led losses, recording $164.3 million in net outflows. Grayscale's GBTC followed with $38.4 million, while Fidelity's FBTC lost $33.6 million. BlackRock's IBIT also recorded $24.5 million in net withdrawals.
Notably, MSBT was the only fund to post positive flows, attracting $4 million. This departure from previous sessions, where most losses came from a single product, suggests broader selling across the ETF market.