Bitcoin ETFs See Three-Day Selling Trend Amid Strong Institutional Demand

The U.S. spot Bitcoin ETFs saw a significant three-day selling trend in September, recording net outflows of $449.5 million on September 10, following two days of net selling worth $166.8 million.

The selloff hit several products, with ARKB leading the selling with $164.3 million in outflows, while GBTC lost $36.4 million and FBTC lost $33.6 million.

However, despite this recent three-day bleeding, institutional demand for Bitcoin remains strong, as evidenced by a three-week period where ETFs added $3.8 billion in net inflows.

The Labor Day slowdown on September 4 did not indicate institutions leaving the market, and instead marked a temporary ease in daily inflows.