Bitcoin Spot ETFs See First Net Outflow in Four Days
Bitcoin spot ETFs saw a total net outflow of $46.6464 million on September 8, ending a three-day streak of net inflows. According to SoSoValue data, Bitwise ETF BITB had the largest single-day net inflow at $14.4672 million, with a historical total net inflow of $2.131 billion.
Blackrock's IBIT followed closely behind with a daily net inflow of $10.6550 million and an impressive historical cumulative net inflow of $64.067 billion. In contrast, Grayscale's GBTC saw the largest single-day net outflow at $65.5096 million, bringing its historical total net outflow to $27.719 billion.
The total net asset value of Bitcoin spot ETFs currently stands at $99.516 billion, with an ETF net asset ratio (market cap as a proportion of total Bitcoin market cap) reaching 6.31%. This marks the first net outflow after three days of consecutive inflows, indicating a shift in investor sentiment.