Bitcoin Spot ETFs Record $283M Net Outflow on September 10

iconKuCoinFlash
Share
This is the logo of the coin.
BTC
$77,880.800.93%
AI summary iconSummary
On-chain data from MetaEra shows that Bitcoin spot ETFs experienced a $283 million net outflow on September 10 (EDT), marking the third consecutive day of withdrawals. Morgan Stanley’s MSBT recorded the largest inflow at $3.98 million, bringing its cumulative total to $525 million. Ark Invest and 21Shares’ ARKB led the outflows with $164 million, though its total cumulative inflow remains at $1.22 billion. On-chain analysis reveals that the ETFs now hold $97.49 billion in net assets, representing 6.28% of Bitcoin’s market cap, with a cumulative net inflow of $55.17 billion.

ME News reports that, as of September 11 (UTC+8), according to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $283 million on the previous day (September 10, Eastern Time).

The Bitcoin spot ETF with the highest single-day net inflow yesterday was the Morgan Stanley ETF MSBT, with a net inflow of $3.9792 million; MSBT's total historical net inflow now stands at $525 million.

The Bitcoin spot ETF with the largest single-day net outflow yesterday was ARKB, managed by Ark Invest and 21Shares, with a net outflow of $164 million; ARKB's total historical net inflow now stands at $1.223 billion.

As of press time, the total net asset value of spot Bitcoin ETFs is $97.49 billion, with an ETF net asset ratio (market cap as a percentage of Bitcoin’s total market cap) of 6.28%, and cumulative net inflows reaching $55.168 billion.(Source: SoSoValue)



Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.