US Spot Bitcoin ETFs Post Third Straight Day of Net Outflows

U.S. spot Bitcoin exchange-traded funds (ETFs) have continued their downward trend, posting net outflows for a third consecutive day on September 10. According to data from SoSoValue, a total of $283 million was withdrawn from these ETFs, marking the largest daily outflow since this week's streak began.

Among individual products, ARKB from Ark Invest and 21Shares led the way with $164 million in net withdrawals. In contrast, Morgan Stanley's MSBT recorded net inflows of $3.9792 million, a relatively small amount compared to the overall outflow.

Total net assets in U.S. spot Bitcoin ETFs now stand at $97.49 billion, accounting for 6.28% of Bitcoin's total market capitalization. Since their launch, these ETFs have seen cumulative net inflows of $55.168 billion.