Spot Bitcoin ETFs end 8-day outflows streak, Ether ETFs lose $5.2m

Spot Bitcoin exchange-traded funds in the U.S. saw their first inflows after eight days of outflows that saw them lose more than $1.18 billion in total assets under management, signaling a possible shift in investor confidence.

According to SoSoValue data, 12 spot Bitcoin exchange-traded funds recorded net inflows of $28.6 million on September 9, a break from the eight-day outflow streak previously recorded.

Fidelity’s FBTC led the gains with reported inflows of $28.6 million, bringing its total inflows since inception to $9.45 billion. This comes after the fund experienced negative flows for the past seven trading days.

Bitwise’s BITB and ARK 21Shares’ ARKB followed with inflows of $22 million and $6.8 million, respectively. Meanwhile, Invesco’s BTCO recorded more modest inflows of $3.1 million after three days of no trading activity.

These inflows were offset by Grayscale’s GBTC, which saw $22.8 million in outflows, bringing its total outflows since launch to over $20 billion. Interestingly, BlackRock’s IBIT, the largest spot BTC ETF by net assets, also lost $9.1 million in outflows on the day. The remaining six Bitcoin ETFs were neutral.

The total trading volume of the 12 BTC ETFs fell to $1.61 billion on September 9, significantly lower than the $2.39 billion seen the previous day. These funds have recorded cumulative net inflows of $16.92 billion since their inception. At press time, Bitcoin (BTC) was trading at $56,915, up 4.2% over the past day, according to data from crypto.news.

Meanwhile, nine spot Ethereum ETFs recorded net outflows of $5.2 million on September 9, following four consecutive days of net negative inflows.

Grayscale’s ETHE once again led the way, with $22.6 million exiting the fund, bringing total outflows to $2.69 billion since its launch on July 23. Meanwhile, Fidelity’s FETH, Grayscale’s ETH, and Biwise’s ETHW were the only bidders, recording inflows of $7.6 million, $8 million, and $1.8 million, respectively. The remaining five ETH ETFs saw no inflows on the day.

The daily trading volume of these investment vehicles also fell to $124.51 million on September 9, a big drop from the previous day. Spot Ether ETFs have seen cumulative net outflows of $573.49 million year to date. At press time, Ethereum (ETH) was also up 2.6% at $2,345.