On September 11, institutional investors shifted capital between cryptocurrency products. Bitcoin ETFs recorded net outflows of $13.29 million, while Ethereum ETFs attracted $216 million in new capital, according to data from SoSoValue.
The outflows from Bitcoin funds followed a period of significant selling, with approximately $450 million in net outflows recorded over the three days preceding September 11. For context, these funds saw a single-day inflow of $730.9 million on September 3.
Discrepancies exist between data providers regarding flow reporting. Some trackers reported Bitcoin outflows of 3,391 BTC, valued at roughly $267 million, and Ethereum outflows of 17,723 ETH, valued at approximately $46 million, on the same date.
Since their US launch in January 2024, Bitcoin ETFs have reached over $55 billion in cumulative net inflows. By mid-September, total assets under management for major issuers, including BlackRock, Fidelity, Grayscale, and ARK 21Shares, reached $97–99 billion.
