Bitcoin ETFs See $462M Outflows Amid Fresh Pressure on BTC
Bitcoin ETFs experienced significant outflows this week, totaling $462.6 million from September 8 to September 11. In contrast, last week saw nearly $1 billion in inflows.
The shift comes as Bitcoin faces fresh pressure after inflation data showed Core CPI at a five-year low of 2.4%. The Federal Reserve's policy decision due next week is being closely watched for its impact on demand for Bitcoin ETFs.
U.S. spot Bitcoin ETFs recorded $46.6 million in outflows on September 8, followed by another $120.2 million on September 9. The selling then increased sharply on September 10, with investors pulling $282.6 million, the largest single-day outflow of the week.
The latest selling was concentrated in several major funds. ARKB recorded around $250.3 million in outflows during the week, while GBTC lost about $129.1 million.