Significant Outflows from Bitcoin ETFs Amid Ether ETF Gains
- US spot Bitcoin ETFs experienced $462.7 million in net outflows last week.
- The outflows marked a reversal after three consecutive weeks of inflows, totaling $307.3 million for September so far.
- On Thursday alone, Bitcoin ETFs recorded their largest daily withdrawal since July at $282.7 million.
- In contrast, US spot Ether ETFs saw nearly $197 million in net inflows over the same period.
- Friday’s inflow for Ether funds was significant, drawing $216.4 million after mixed flows earlier in the week.
The recent performance of Bitcoin and Ether ETFs highlights contrasting investor sentiment, with Bitcoin facing substantial withdrawals while Ether gains traction in the market.
Overall, Bitcoin ETFs’ outflows reached $462.7 million last week, while Ether ETFs gained nearly $197 million in net inflows during the same timeframe.
