Quick Take
Farside data shows that Bitcoin ETFs experienced a significant outflow of $287.8 million on Sept. 3, marking the largest outflow since May 1, when $563.7 million exited the market.
Eight ETF issuers recorded outflows, highlighting a broad retreat from Bitcoin ETF investments. Among the hardest hit was Fidelity’s FBTC, which saw a $162.3 million outflow, and Grayscale’s GBTC, with $50.4 million leaving the fund. Bitwise’s BITB ETF lost $25.0 million, while ARK’s ARKB ETF experienced a $33.6 million outflow.
Notably, BlackRock’s IBIT ETF saw neither inflows nor outflows. Over the last five trading days, Bitcoin ETFs have experienced a cumulative outflow of $767.6 million, equivalent to around 4% of total net flows, now at $17.3 billion.
BTC ETF Flow: (Source: Farside)
Ethereum ETFs also faced outflows, amounting to $47.4 million. Grayscale’s ETHE fund saw an outflow of $52.3 million, though this was slightly offset by Fidelity’s FETH ETF, which recorded a $4.9 million inflow. Overall, total outflows for Ethereum ETFs have now reached $524.8 million, according to Farside data.
Bitcoin is down 4% in the past five days, trading around $56,500.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
GIPHY App Key not set. Please check settings