Crypto
Bitcoin ETFs Suffer Outflows as Ethereum Sees Inflow Surge
The spot Bitcoin ETFs recorded significant outflows in the first week of September, totaling $462.73 million from August 8th to 11th.
This was largely driven by Grayscale GBTC's massive $65.5 million outflow and Fidelity's $17.1 million loss on August 8th.
The situation worsened on September 10th, with a net outflow of $282.7 million, but rebounded slightly on the 11th with only $13.2 million in total outflows.
In contrast, Ethereum ETFs saw mixed flows during this period, with a strong $216.4 million inflow on September 11th led by BlackRock's ETHA and ETHB products.