Crypto
Bitcoin Spot ETFs Suffer First Net Outflow in Four Weeks
U.S. spot Bitcoin exchange-traded funds (ETFs) saw a significant shift in investor sentiment last week, as they recorded their first net outflows in four weeks. According to data from BloomingBit, spot Bitcoin ETFs logged total net outflows of $463 million between September 7 and September 11.
This marks the end of a three-week streak of net inflows for these funds. In contrast, spot Ethereum (ETH) ETFs continued their upward trend, recording $197 million in net inflows over the same period. This is a fourth consecutive week of net inflows for Ethereum funds.
Other cryptocurrencies also attracted investor interest last week. Spot Solana (SOL) and XRP ETFs saw net inflows of $10.3 million and $18.98 million, respectively.