Bitcoin ETF Outflows Accelerate to $449M Over Three Days
What happened: U.
What happened: U.S. spot Bitcoin ETFs posted $282.6 million in net outflows on Thursday, September 10, marking the largest single-day withdrawal since July. Over the past three trading days, cumulative outflows reached $449 million, with ARK 21Shares (ARKB) leading at $164 million, followed by Grayscale's GBTC ($36 million) and Fidelity's FBTC ($33.6 million). Ether and Solana ETFs also saw net outflows, reversing recent inflows.
Why it matters: The outflows follow a three-week streak of $3.8 billion in inflows, suggesting a tactical retreat by institutions rather than a structural exit. The timing coincides with hotter-than-expected U.S. CPI data, fueling speculation of further Federal Reserve tightening. Despite the withdrawals, total BTC ETF net assets remain robust at $97.5 billion, and ARKB has still attracted $1.223 billion since launch. The volatility highlights the sensitivity of crypto markets to macroeconomic signals and institutional sentiment shifts.
Source: Cointelegraph