Spot Bitcoin ETFs Experience Sharp Outflows, While Ether ETF Outflows Ease
According to data from SoSoValue, U.S. spot Bitcoin exchange-traded funds (ETFs) saw a significant uptick in outflows on September 5, with 12 spot Bitcoin ETFs logging net outflows totaling $211.15 million. This marks a dramatic rise compared to the $37.29 million outflows recorded the previous day—an increase of more than sixfold.
Fidelity’s FBTC led the outflow surge, with $149.5 million withdrawn from the fund. Following closely were Biwise’s BITB, Grayscale’s GBTC, and Grayscale’s Bitcoin Mini Trust, which saw outflows of $30 million, $23.2 million, and $8.4 million, respectively.
Over the past seven days, Fidelity’s FBTC has also seen the most substantial outflows, with $374 million pulled out—far surpassing the $227 million withdrawn from Grayscale’s GBTC.
Meanwhile, BlackRock’s IBIT, the largest spot Bitcoin ETF with total inflows exceeding $20.91 billion, remained neutral on September 5, along with eight other Bitcoin ETFs that also recorded no significant activity.
Total daily trading volume for these 12 spot Bitcoin ETFs dipped slightly, falling from $1.41 billion on September 4 to $1.35 billion on September 5. At the time of writing, Bitcoin (BTC) had declined by 0.9% over the past 24 hours, trading at $56,327, according to data from crypto.news.
The retreat in Bitcoin’s price coincided with heightened fear in the crypto market. The widely monitored Crypto Fear & Greed Index plunged into the “extreme fear” territory, reaching 22—the lowest reading in over a month—per data from Alternative. Ongoing concerns about a potential U.S. recession, spurred by a series of weak economic reports, likely contributed to the growing uncertainty.
Institutional demand for Bitcoin has also softened, as evidenced by seven consecutive trading days of net outflows from spot Bitcoin ETFs, which have lost over $1 billion in capital since August 27.
In contrast, spot Ether ETFs showed more moderate outflows. The nine spot Ether ETFs reported total outflows of just $152.72K on September 5, significantly less than Bitcoin’s figures. Grayscale’s ETHE led with $7.4 million in outflows, while the Grayscale Ethereum Mini Trust nearly offset that with $7.2 million in inflows. The remaining seven Ether funds saw no net activity for the day.
Trading volume for Ether ETFs also dropped, falling from $145.86 million on September 4 to $108.59 million on September 5. At the time of writing, Ethereum (ETH) was down 0.9%, trading at $2,378.
Similarly, Ethereum’s Fear & Greed Index declined into the fear zone, registering a reading of 34, signaling growing investor caution and uncertainty in the market.
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