• Spot Bitcoin ETFs experienced a $43.97 million outflow on September 11, disrupting a two-day streak of positive inflows.
  • Despite the outflows, cumulative net inflows for Spot Bitcoin ETFs remain strong at $17.00 billion.
  • The total net assets across these ETFs now account for 4.58% of Bitcoin’s market cap.

In an update by SoSoValue, Spot Bitcoin ETFs have experienced outflows totalling $43.97 million as of September 11. This outflow has impacted several major ETFs, as market data reveals shifts across multiple platforms and exchanges.

Daily Net Inflows and Cumulative Performance

As of the latest update, the cumulative net inflow for Spot Bitcoin ETFs stands at $17.00 billion, reflecting overall investor confidence in the cryptocurrency market. Despite this broad positive move, the recent daily outflow of $43.97 million highlights the volatility and unpredictability inherent in this sector. 

Spot Bitcoin ETFs Experience $43.97M Outflows as Market Sentiment Shifts image 0 Spot Bitcoin ETFs Experience $43.97M Outflows as Market Sentiment Shifts image 1

Source: SoSoValue

Key ETFs Affected by the Outflow

The market data indicates that the outflow has directly impacted several t ETFs. The iShares Bitcoin Trust (IBIT), listed on NASDAQ, reported a neutral daily net inflow of $0.00, maintaining its cumulative net inflow at $20.91 billion. However, Grayscale’s Bitcoin Trust  recorded a daily net outflow of $4.59 million, contributing to its cumulative net outflow of $20.04 billion.

Other ETFs, such as the Fidelity Bitcoin ETF (FBTC), saw a positive daily net inflow of $12.57 million, boosting its cumulative net inflow to $9.53 billion. The Ark 21Shares Bitcoin ETF (ARKB) witnessed an outflow of $54.03 million, reducing its cumulative inflow to $2.23 billion.

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Impact on Market Metrics

The total net assets across these ETFs currently stand at $51.96 billion, representing 4.58% of Bitcoin’s market capitalization as of September 11. Despite the outflows, this figure shows the continued importance of Bitcoin ETFs in the broader cryptocurrency space. Market prices and daily changes varied among the ETFs, with some, like GBTC and IBIT, showing slight declines of -0.63% and -0.61%, respectively.

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