Bitcoin ETFs Lose $463M as Ether ETFs Surge to $197M
The Bitcoin ETF market has experienced a significant reversal in recent weeks. After three consecutive weeks of inflows, US spot Bitcoin exchange-traded funds (ETFs) posted $462.7 million in net outflows last week, according to Farside Investors. This marks the largest weekly withdrawal since July.
The selling pressure was led by ARKB 21Shares Bitcoin ETF with $234.2 million in net outflows, followed by Grayscale's Bitcoin Trust ETF with $129.1 million. BlackRock's iShares Bitcoin Trust ETF recorded $52.5 million in net outflows over the week.
In contrast, US spot Ether ETFs recorded a significant gain of nearly $197 million in net inflows last week, driven by BlackRock's ETHA and 21Shares Core Ethereum ETF. Despite this reversal, spot Bitcoin ETFs remain in positive flow territory for September with about $307.3 million in net inflows through Friday.