Spot Bitcoin and Ethereum ETFs log joint negative flows

In the US, spot Bitcoin and Ethereum exchange-traded funds experienced common outflows on September 11, following the common positive flows recorded the previous day.

According to SoSoValue data, 12 spot Bitcoin ETFs in the US recorded net outflows of $43.97 million on September 11, ending a two-day streak of positive flows.

Interestingly, ARK 21Shares’ ARKB recorded the largest outflow among ETFs yesterday, pulling in $54 million as reported by SoSoValue. Grayscale’s GBTC followed with a net outflow of $4.6 million, while the Bitcoin Mini Trust recorded an outflow of approximately $511,230.

On the other hand, Fidelity’s FBTC led the inflows throughout the day, recording $12.6 million in net additions. Invesco’s BTCO followed with $2.6 million in inflows. The remaining seven BTC ETFs, including BlackRock’s IBIT, saw no trading activity during the day. Notably, IBIT, the largest spot BTC ETF by net assets, saw no net inflows since August 26.

Overall, these ETFs have seen net positive flows over the past three days, with total inflows across all spot BTC ETFs reaching approximately $101.7 million.

Total trading volume for the 12 BTC ETFs jumped to $1.27 billion on September 11, significantly higher than the $717 million seen the previous day. These funds have recorded a cumulative net inflow of $17 billion since their inception. At press time, Bitcoin (BTC) was trading at $57,932, up 2.7% over the past day, according to data from crypto.news.

Meanwhile, nine US spot Ethereum ETFs also recorded net outflows of $542,870 on September 11, led by VanEck’s ETHV with $1.7 million in outflows. Fidelity’s FETH was the only ETF to record inflows of $1.2 million. However, it was significantly lower than ETHV’s outflows and failed to offset the overall loss.

The remaining Ether ETFs remained neutral on the same day.

The daily trading volume of these investment vehicles also increased from the previous day on September 11, reaching $126.2 million. Spot Ether ETFs have seen cumulative net outflows of $562.6 million to date. At press time, Ethereum (ETH) also changed hands, up 1% at $2,354.