Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States saw joint outflows on Sept. 11, following the positive flows recorded the previous day.

According to data from SoSoValue, the 12 spot Bitcoin ETFs in the U.S. logged a net outflow of $43.97 million on Sept. 11, ending their two-day streak of positive flows.

ARK 21Shares’ ARKB experienced the largest outflows among the ETFs, with $54 million in withdrawals. Grayscale’s GBTC followed with net outflows amounting to $4.6 million, while its Bitcoin Mini Trust registered outflows of approximately $511,230.

On the positive side, Fidelity’s FBTC led the inflows for 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 on the day. Notably, IBIT, the largest spot BTC ETF by net assets, has not seen any net inflows since Aug. 26.

Overall, these ETFs have seen net positive flows in the last three days, with total inflows into all spot BTC ETFs at approximately $101.7 million.

Total trading volume for the 12 BTC ETFs jumped to $1.27 billion on Sept. 11, significantly higher than the $717 million seen the previous day. These funds have recorded a cumulative total net inflow of $17 billion since inception. At the time of writing, Bitcoin was up 2.7% over the past day, trading at $57,932.

Meanwhile, the nine U.S. spot Ethereum ETFs also recorded a net outflow of $542,870 on Sept. 11, led by VanEck’s ETHV with $1.7 million in outflows. Fidelity’s FETH was the only ETF to record inflows, at $1.2 million. However, it was significantly lower than ETHV’s outflows and could not offset the overall loss.

The remaining Ether ETFs remained neutral on that day.

These investment vehicles have also seen their daily trading volume rise to $126.2 million on Sept. 11, a jump over the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $562.6 million to date. At the time of publication, Ethereum was also up by 1%, exchanging hands at $2,354.

Stay updated with the latest cryptocurrency news and trends on Global Crypto News.

Post Views: 5