Daily News 19

Tag: Grayscale GBTC

  • Bitcoin ETFs Record $450M Outflow, Biggest Since June

    Bitcoin ETFs Record $450M Outflow, Biggest Since June

    Spot Bitcoin ETFs See Largest Outflows Since June as Senate Crypto Bill Stalls

    U.S.-listed spot Bitcoin exchange-traded funds recorded their most significant day of net outflows since late June on Tuesday, reversing the previous day’s inflows after a major cryptocurrency legislative effort stalled in the Senate.

    Net Outflows Top $450 Million

    The 13 U.S.-listed funds saw a net $450.4 million outflow on Tuesday, according to data from Farside Investors. This follows a $159.9 million net inflow on Monday. The single-day withdrawal marks the largest since June 24, when the funds lost $469 million amid a broader technology stock sell-off that pressured risk assets.

    Fund-by-Fund Breakdown

    Fidelity’s FBTC led the outflows, shedding $214.8 million. The BlackRock iShares Bitcoin Trust followed with $161.7 million in withdrawals. Other notable outflows included:

    • Grayscale Bitcoin Trust ETF (GBTC): $44.1 million
    • ARK 21Shares Bitcoin ETF (ARKB): $17.4 million
    • Bitwise Bitcoin ETF (BITB): $12.4 million

    Bitcoin Price Reacts

    At the time of writing, Bitcoin is trading at $75,700, representing a 2.5% decline over the last 24 hours, according to CoinMarketCap data. The price movement coincides with the ETF flow reversal and the legislative setback in Washington.

    Legislative Context

    The sharp reversal in fund flows comes as a major crypto market structure bill stalled in the U.S. Senate, removing a near-term catalyst that had supported positive sentiment around regulated crypto investment products.

  • Bitcoin vs Ethereum ETFs: Which asset is winning September’s flow battle?

    Bitcoin vs Ethereum ETFs: Which asset is winning September’s flow battle?

    Bitcoin ETFs See $462.7 Million Weekly Outflows as Price Drops Below $78K

    Following a robust August rally that brought $3.52 billion in monthly inflows to spot Bitcoin ETFs, September has opened with significant selling pressure. During the week of September 8–11, these funds recorded cumulative net outflows of $462.73 million, coinciding with Bitcoin’s price decline from approximately $79,000 to $77,324.76—a 2.9% weekly drop.

    Daily Breakdown of Bitcoin ETF Flows

    The week began negatively on September 8 with $46.6 million in net outflows. Fidelity recorded $17.1 million in redemptions, Invesco saw $4.7 million exit, and Grayscale’s GBTC led with a substantial $65.5 million outflow, according to SoSo Value data.

    Selling intensified on September 9, pushing net outflows to $120.2 million. BlackRock experienced a $19.5 million outflow, ARK Invest’s ARKB lost $78.0 million, and GBTC shed another $27.2 million.

    September 10 marked the worst session with $282.7 million in net outflows. Pressure eased slightly on September 11, limiting outflows to $13.2 million. Across the four-day period, ARKB and GBTC emerged as the primary sources of selling pressure.

    Ethereum ETFs Diverge With Strong Late-Week Inflows

    Spot Ethereum ETFs followed a different trajectory, per Farside Investors data. After a weak September 8 showing $24.3 million in net outflows, the products reversed decisively on September 9 with $34.7 million in net inflows. Selling returned on September 10 before a dramatic reversal on September 11, when Ethereum ETFs recorded $216.4 million in net inflows—the largest single-day positive total of the week.

    BlackRock’s ETHA dominated with $148.8 million in inflows, followed by BlackRock’s ETHB at $18.3 million.

    Altcoin ETFs Show Mixed Results

    Other cryptocurrency ETFs displayed varied flow patterns during the same period. Solana’s SOL ETF attracted $10.30 million in weekly inflows, driven primarily by Bitwise’s BSOL. XRP ETFs recorded zero flows, while Hyperliquid’s HYPE ETFs saw $26.42 million in net outflows, according to SoSo Value.

    Market Sentiment Remains Constructive Despite Outflows

    Despite the weekly outflows, Bitcoin’s dominance persists. The altcoin index stands at 40, indicating Bitcoin continues to lead the market, per Coinglass data. The Crypto Fear and Greed Index sits at 63—firmly in “Greed” territory—suggesting investors remain bullish and view the slowdown as temporary, according to Alternative.

    This optimism aligns with the strong inflows seen during the first week of September, supported by shifting macroeconomic expectations around U.S. monetary policy.

  • Bitcoin ETFs End 9-Day Inflow Streak With $202 Million Outflow as Ether ETFs Gain $102 Million

    Bitcoin ETFs End 9-Day Inflow Streak With $202 Million Outflow as Ether ETFs Gain $102 Million

    Bitcoin ETFs End Nine-Day Inflow Streak

    U.S. spot bitcoin exchange-traded funds (ETFs) ended a nine-session run of daily inflows on August 28, recording approximately $202 million in net outflows. The streak began on August 17 and had attracted roughly $3.04 billion before breaking.

    The nine-day inflow period pushed total bitcoin ETF assets beyond a milestone that few expected to arrive so quickly. Bitcoin.com News reported that the funds surpassed $100 billion in net assets on August 27. BlackRock’s iShares Bitcoin Trust (IBIT) led that day with $277.6 million in inflows, while Fidelity’s FBTC recorded $83.6 million in outflows and Grayscale’s GBTC lost another $27.2 million.

    Bitcoin ETFs have experienced sharp moves in both directions this year. In May, the same group of funds recorded a then-record nine-day outflow streak, losing approximately $2.8 billion as bitcoin’s price fell from about $80,000 to $73,000.

    Spot Ether ETFs Extend Buying Streak

    Spot ether ETFs moved in the opposite direction on August 28, attracting $102 million and extending their own inflow streak to 10 consecutive sessions.

    Ether ETFs have also benefited from strong demand earlier in August, when the category recorded $2.6 billion in inflows during its strongest week since October. BlackRock’s ETHA accounted for much of the activity and helped triple the sector’s typical trading volume.

    Ether’s price has broadly followed bitcoin’s performance, even as the two cryptocurrency ETF markets have briefly moved in different directions.

    Bitcoin Price Holds Near $77,500

    The bitcoin ETF outflows came at a notable point for the cryptocurrency market. Bitcoin opened August 28 at $80,261.86 before falling to its current level of approximately $77,500.

    Bitcoin is up only 1% over the past week, making a single day of ETF selling appear more consistent with profit-taking than panic selling. The market was also preparing for the expiration of roughly $6.4 billion in Deribit options that Friday.

    One negative session does not erase the previous $3 billion inflow run. ETF investors will be watching the next session’s data to determine whether the outflows were a temporary setback or the beginning of a longer trend. Spot ether ETFs, meanwhile, enter the new week with their 10-day inflow streak intact.

    Source: cryptonews.net