Bitcoin ETFs Suffer $120M Outflow as Ethereum Sees $35M Inflow

Bitcoin ETFs saw significant outflows on September 9, losing $120.2 million in a day. This follows two days of redemptions from ARK 21Shares and Grayscale products. However, Ethereum ETFs attracted $34.75 million in inflows, led by BlackRock's staking-enabled product.

Despite the recent outflows, Bitcoin ETFs posted about $820 million in net inflows over the past week, indicating overall positive momentum. The year-to-date shows a $1.07 billion net outflow for Bitcoin ETFs, suggesting some investors may be reducing exposure. However, weekly inflows remain strong and could shift the trend.