On September 18, U.S. spot Bitcoin ETFs faced net outflows of $52.83 million, ending four days of inflows exceeding $500 million. ARK 21Shares’ ARKB saw the largest outflow of $43.4 million, with additional outflows from Grayscale’s GBTC and Bitwise’s BITB totaling $8.1 million and $3.9 million, respectively.
The only ETF to see inflows was Grayscale’s Bitcoin Mini Trust, gaining $2.7 million. Trading volume for these ETFs dropped by 28% to $1.63 billion, though total net inflows since inception amount to $17.44 billion.
Bitcoin’s price increased by 3% to $62,109, likely influenced by a recent 50 basis point interest rate cut by the Federal Open Market Committee.
For Ethereum, U.S. spot ETFs experienced net outflows of $9.74 million on their third consecutive day of outflows. Grayscale’s ETHE saw $14.7 million exit, slightly mitigated by BlackRock’s ETHA, which gained $4.9 million.
Trading volume for Ethereum ETFs rose to $221.88 million. Overall, these ETFs have recorded cumulative net outflows of $615.58 million, while Ethereum’s price increased by 4.8% to $2,438.
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