Thursday’s trading session saw spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $211.15 million, while ethereum ETFs faced a much smaller decline of $152,720.
Bitcoin ETFs Lose $211 Million as Ethereum Funds See Modest Outflows
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$211 Million Exits Bitcoin ETFs, Ethereum Funds Slip by $152K
On Sept. 5, bitcoin and ethereum ETFs both took hits, with bitcoin ETFs leading the way in outflows. According to data from sosovalue.xyz, $211.15 million flowed out of 12 bitcoin funds. The biggest contributor to this was Fidelity’s FBTC, which alone lost $149.49 million, followed by Bitwise’s BITB shedding $30 million.
Grayscale’s GBTC wasn’t spared, with $23.22 million leaving the fund, while another $8.45 million exited Grayscale’s Mini Bitcoin Trust. No other funds registered changes during Thursday’s trading. With these outflows, the total net inflows across the 12 funds now stand at $17.06 billion. As of Sept. 5, these ETFs hold $50.73 billion, equivalent to 4.58% of bitcoin’s market cap.
Ether ETFs had a rough day too, though the losses were far less dramatic. $152,720 left ether funds, driven mostly by Grayscale’s ETHE, which lost $7.39 million. Grayscale’s Mini Ethereum Trust, however, cushioned the blow with a $7.24 million inflow. By the end of the day, the cumulative net outflows from ETH ETFs stood at $562.31 million, with the funds collectively holding $6.49 billion—representing 2.28% of ethereum’s market cap.
What do you think about Thursday’s spot bitcoin and ether ETF action? Share your thoughts and opinions about this subject in the comments section below.
