Crypto:
36635
Bitcoin:
$92.108
% 1.07
BTC Dominance:
%58.7
% 0.13
Market Cap:
$3.14 T
% 1.16
Fear & Greed:
28 / 100
Bitcoin:
$ 92.108
BTC Dominance:
% 58.7
Market Cap:
$3.14 T

Major Outflows in U.S. Spot Bitcoin and Ethereum ETFs: September 4 Data

Capital outflows from spot crypto ETFs in the U.S. are accelerating. On September 4, spot Bitcoin ETFs recorded a total net outflow of $227.48 million, with only BlackRock’s iShares Bitcoin Trust (IBIT) managing to see net inflows during the day. This situation indicates that investors are moving to reduce risk in the face of short-term uncertainty.

Consecutive Outflows in Ethereum ETFs

In parallel with the outflows on the Bitcoin side, spot Ethereum ETFs also saw $167.41 million in net outflows. This marks the fourth consecutive day of withdrawals, showing that ETH investors are either taking profits or retreating due to market volatility.

Overall Assessment

The consecutive outflows from both Bitcoin and Ethereum ETFs indicate that institutional investors are engaging in profit-taking and steering clear of short-term uncertainty. However, BlackRock’s IBIT fund continues to stand out with its steady inflows.

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