Bitcoin ETF Outflows Exceed $1 Billion Amid Price Drop

On September 5, Bitcoin ETFs experienced significant outflows totaling $211.1 million, marking the seventh consecutive day of exits. Fidelity's FBTC led the decline with $149.5 million, followed by Bitwise's BITB at $30.0 million, Grayscale's GBTC at $23.2 million, and BTC ETFs with $8.4 million.

Since August 27, cumulative outflows from Bitcoin ETFs have surpassed $1 billion, with total net flows now at $17.1 billion. During this period, Bitcoin's price has decreased from approximately $62,000 to $55,500.

In contrast, Ethereum ETFs saw minimal activity, with a modest outflow of $0.2 million. Grayscale's ETHE recorded a $7.4 million outflow, while ETH ETFs noted a $7.2 million inflow. Total outflows for Ethereum ETFs have reached $562.5 million, and Ethereum's price remains negative for the year.

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