Bitcoin ETFs See Back-to-Back Outflows as Bitcoin Breaks Below $78,000

U.S. spot Bitcoin ETFs recorded $120.2 million of net outflows on September 9, following $46.6 million of redemptions on September 8.

This was the first back-to-back outflow streak since mid-August and came as Bitcoin broke below $78,000.

The damage was concentrated in two funds: ARK 21Shares' ARKB led with $77.98 million of net redemptions, while BlackRock's IBIT shed $19.53 million.

Morgan Stanley's MSBT was the only identified product with a positive print at $4.49 million.

However, the trailing seven days still show roughly $820 million of net inflows, and September 3 alone brought in $730.9 million.