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.
