Bitcoin ETFs Lose $236.5 Million on September 1 Amidst Broad Selling Pressure

The Bitcoin ETF market experienced significant outflows on September 1, with a total of $236.5 million flowing out.

This figure is a partial read, as only three of the 13 eligible funds had reported at the time of the tally, and the remaining 10 have not yet released their data.

The largest contributor to these outflows was BlackRock's IBIT, which accounted for $201.2 million, or approximately 85.1% of the total net outflows.

Fidelity's FBTC contributed another $43.67 million in outflows, while Bitwise's BITB recorded a modest inflow of around $8.38 million.